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Home / News / Business News / Nikesh Arora steps down as SoftBank CEO
  • Business

    Nikesh Arora steps down as SoftBank CEO

    Written by
    Gaurav Jeyaraman
    Edited by
    Nandita
    Last updated on Jun 21, 2016, 05:00 pm
    Nikesh Arora steps down as SoftBank CEO
    Credits:
  • Amidst a row with investors, the hand picked successor of Masayoshi Son, Nikesh Arora has decided to step down as the Chief Executive of SoftBank.

    Mr. Son said he would continue until the next CEO is appointed and that Arora would step down to "follow another path."

    However, Arora said he would continue in an advisory role with SoftBank.

  • In this article
    What is SoftBank? Nikesh Arora's amazing journey SoftBank's global investments in 2015 Nikesh Arora'pay Allegations against Nikesh Arora Nikesh Arora gets a clean chit from SoftBank Nikesh Arora steps down as SoftBank CEO
  • About

    What is SoftBank?

    What is SoftBank?
  • SoftBank Group Corp. is a Japanese multinational telecommunications and Internet corporation.

    It was incorporated on 3 September, 1981 and is headquartered in Tokyo.

    In May 2015, SoftBank was ranked as the 62nd largest public company in the world.

    The company is engaged in mobile communication services, sales of mobile devices, provision of fixed-line telecommunications and Internet service (ISP) services.

  • Nikesh Arora

    Nikesh Arora's amazing journey

     Nikesh Arora's amazing journey
    Credits:
  • Nikesh Arora joined Japan's SoftBank in September 2014 as the head of its global internet investments.

    In only nine months, Arora was appointed as the President of SoftBank.

    Under his leadership, the Japanese telecommunications & internet major pumped in nearly $1 billion in internet start-ups in India.

    He was closely associated with the organisation's investments in Snapdeal, Ola & Housing.com.

  • Global Investments

    SoftBank's global investments in 2015

    SoftBank's global investments in 2015
  • Under Nikesh's leadership, the company announced two huge investments in India: US$210 million in taxi app Ola and US$627 million in Snapdeal.

    An investment plan of US $10 billion was reserved by Arora to give a push to India's e-commerce, telecom, and aviation industries.

    Nikesh Arora made two big investments in South Korea which pumped millions of dollars into Coupang & Dramafever.

  • Information

    Nikesh Arora'pay

  • According to Bloomberg Businessweek, SoftBank Group Corp. President Nikesh Arora was paid 8.04 billion yen ($73 million) for the company's latest fiscal year, putting him among the top paid executives in the world for the second year in a row.

  • 21 Apr 2016

    Allegations against Nikesh Arora

    Allegations against Nikesh Arora
  • According to a media report, a group of investors asked for an investigation and potential expulsion of Nikesh Arora.

    It was alleged that there was a conflict of interest between Nikesh Arora and private equity firm SilverLake.

    Investor's criticized his poor performance in making investments for SoftBank.

    Nikesh Arora's huge compensation pakage was another reason for the investigation.

  • Innocent

    Nikesh Arora gets a clean chit from SoftBank

    Nikesh Arora gets a clean chit from SoftBank
    Credits:
  • SoftBank's investigation cleared Nikesh Arora of foul play allegations.

    A special committee of independent board members reviewed the allegations against Nikesh which "were without merit."

    SoftBank CEO Masayoshi Son, stated, "As I said when these allegations first became public, I have complete trust in Nikesh and I am pleased the special committee has looked into these claims thoroughly and concluded they are without merit."

  • 21 Jun 2016

    Nikesh Arora steps down as SoftBank CEO

    Nikesh Arora steps down as SoftBank CEO
    Credits:
  • Amidst a row with investors, the hand picked successor of Masayoshi Son, Nikesh Arora has decided to step down as the Chief Executive of SoftBank.

    Mr. Son said he would continue until the next CEO is appointed and that Arora would step down to "follow another path."

    However, Arora said he would continue in an advisory role with SoftBank.

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