TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son now controls more than a third of the Japanese technology investment giant, recent disclosures show, after a spate of stock buybacks shrank the number of shares trading on the market.
Buybacks have concentrated more power in hands of billionaire founder
SoftBank Group Chairman and CEO Masayoshi Son now has the power to veto special shareholder resolutions. © Reuters
TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son now controls more than a third of the Japanese technology investment giant, recent disclosures show, after a spate of stock buybacks shrank the number of shares trading on the market.