Masayoshi Son says of WeWork co-founder Adam Neumann: 'I shut my eyes to a lot of his negative aspects'
TOKYO—Masayoshi Son, the billionaire founder of SoftBank Group Corp., said Wednesday his “really bad” judgment championing U.S. office-sharing company WeWork left the Japanese conglomerate and its massive tech-investment fund with the biggest quarterly loss in its 38-year history.
Standing in front of a screen projection of stormy seas and dire Japanese-language headlines, Mr. Son told a news conference in Tokyo that he had made serious errors in judgment that led the group to post earnings “of the deepest red.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SoftBank Founder Calls His Judgment ‘Really Bad’ After $4.7 Billion WeWork Loss“I regret it in many ways,” Chief Executive Masayoshi Son said of the investment, after SoftBank marked down the total value of WeWork’s equity to $7.8 billion.
Weiterlesen »
SoftBank Takes Loss of $4.7 Billion on WeWork InvestmentSoftBank marked down the total value of the company’s equity to $7.8 billion and hasn’t factored in its bailout of the office-sharing company.
Weiterlesen »
'We created a monster,' SoftBank CEO Masayoshi Son reportedly said of WeWorkSoftBank is expected on Wednesday to impose stricter governance standards for dual-class structures after the WeWork troubles, the Financial Times said.
Weiterlesen »
After WeWork, SoftBank Needs to Soften its AmbitionsHeard on the Street: SoftBank Chairman Masayoshi Son’s erratic investment style has certainly caused him some pain lately, says jackycwong
Weiterlesen »
SoftBank CEO says there will be no 'rescue' investments after WeWork debacleAfter SoftBank reported its first quarterly loss in 14 years on Wednesday, CEO Masayoshi Son told investors that there may be more failures in the Vision Fund.
Weiterlesen »