Wednesday, Jul 03, 2024 | Last Update : 01:40 PM IST
Softbank’s Nikesh Arora gets $73 million pay package
Nikesh Arora, the India-born president and COO of Japanese telecom giant SoftBank, received a pay package of about $73 million (Rs 500 crore) in the fiscal year ended March 31, making him one of the t
Nikesh Arora, the India-born president and COO of Japanese telecom giant SoftBank, received a pay package of about $73 million (Rs 500 crore) in the fiscal year ended March 31, making him one of the top paid executives worldwide for the second year in a row.
Mr Arora, seen as heir apparent to SoftBank’s billionaire founder Ma-sayoshi Son, received a salary package of $73 million, including a compensation of $14.2 million from other SoftBank units, media reports said, citing a proxy statement issued by SoftBank. The pay package of Mr Arora, already Japan’s highest paid executive, is in the same range as of Apple’s Tim Cook and Walt Disney’s Bob Iger.
In the previous fiscal, he had got a $135 million pay package including a joining bonus.
He had joined Soft-Bank as its vice-chairman and CEO of SB Group US in September 2014 from the search giant Google.
