SoftBank Group chief executive Masayoshi Son’s pay fell by half last year

SoftBank Group Corp Chief Executive Masayoshi Son’s remuneration for the past business year fell by 52% to 100 million yen ($915,000) including basic pay, a filing from the Japanese conglomerate showed on Thursday.

The disclosure ahead of SoftBank’s annual general meeting on June 23 follows a turbulent year which saw the group pounded by the Covid-19 pandemic before rebounding to record profit on market appetite for its technology investments.

Son, who has spoken of the need to pay top dollar to attract talent, received the modest pay package just as his fortune was lifted by recovery in the group’s share price after a $23 billion buyback programme which also boosted his ownership.