one-third stake: Soft Bank has poured about 20 billion into tech stocks and derivatives through a unit in which the billionaire personally holds a one-third stake. ; Several people on the call pointed to the structure as a corporate governance concern, the people said, asking to remain unnamed because the details of the discussion aren't public, according to The Japan Times. Son denied there is a conflict of interest and described it as remuneration for his investment expertise. Son faced a barrage of questions about the transactions on a late-evening call with analysts and fund managers after an earnings announcement Monday, according to people who took part in the briefing. Other fund managers charge fees, he said, according to one of the people. A representative for Soft Bank declined to comment. Son added that Soft Bank's board cleared the structure in a vote from which he recused himself, the person said.
(news.financializer.com). As
reported in the news.
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