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Japan-Update

SoftBank ex-heir Arora received record $93m

Hefty severance, stock payments make him Japan's highest-paid executive

Nikesh Arora

TOKYO -- Nikesh Arora, SoftBank Group's former CEO-in-waiting, earned a whopping 10.3 billion yen ($93 million) in cash and stock in the year ended in March, despite leaving the Japanese telecom provider last June.

An invitation to SoftBank's annual shareholders meeting released Tuesday showed the former president, chief operating officer and representative director to be the first-ever executive of a Japanese company paid more than 10 billion yen in a year. The bulk of this came from an 8.8 billion yen severance package, 5 billion yen of which was assured compensation and the rest of which was determined by the performance of SoftBank shares.

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