SoftBank executive pay slashed after historic Vision Fund loss

SoftBank Group Corp.’s top executives saw steep cuts in their paychecks as the Japanese conglomerate marked a historic loss for its Vision Fund unit.

The company’s founder and chief executive officer (CEO) Masayoshi Son kept his pay unchanged at 100 million yen (roughly $785,000), however four of the top six executives whose salary was made public through a company filing on Monday saw their compensation drop following a record $20.5 billion loss.