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Marcelo Claure has left SoftBank after a dispute with Masayoshi Son

Marcelo Claure, one of SoftBank’s leading paid executives who led the transformation at WeWork, has left the Japanese technical team after a dispute with founder Masayoshi Son.

SoftBank said Friday that there was an international agreement to “end the nine-year deal”, but did not say why.

Claure’s release as the head of operations and Son’s successor came after months of wage negotiations, according to people who have closed the event.

“We do not say why [for Claure leaving]. We did not disclose the terms of the agreement, “said a spokesman for the company, adding that SoftBank did not comment on Son and Claure’s relationship.

Three people familiar with the matter said the Bolivian billionaire, who runs the $ 5bn Latin America SoftBank fund, is leaving controversy over his salary and group instructions. The people said the Claure exit deal is expected to be “hundreds of millions of dollars”.

One person close to the company said that before leaving, Claure’s interest in SoftBank was greatly reduced, her business was reduced, and her power was reduced.

“It’s a place where the most important thing at this stage is your relationship with Son, and when things went awry, the role of COO was in name only,” said the man, who added that Claure’s demand for compensation had been in place for some time. number “10-number”.

Claure’s spokesman declined to comment.

His departure will boost the analogy of SoftBank’s lower price levels and what some financial analysts say is a leadership challenge under a powerful founder, Son.

Shared in SoftBank fell more than 50 percent from a peak in March last year, the lowest in recent days when professional stocks traded around the world.

The company’s stock rose nearly 2.2 percent in Tokyo trade on Friday, in line with day 1.9 percent of the Topix broadband, which follows the Japanese market.

French telecoms manager Michel Combes has taken Claure’s responsibility to oversee SoftBank’s. Latin American currencyIts Opportunity Fund and several non-Japanese companies.

Claure was also offered a job at SoftBank as Brightstar, the founder of telecoms and actively joined Son’s inner circle, the first US official. mobile group Sprint and afterward he made provision for the rescue and for the restoration of the lost property group WeWork.

During his tenure, Claure argued repeatedly with other SoftBank executives, including the head of his private fund, Rajeev Misraa former trader at Deutsche Bank.

People close to SoftBank’s senior management also said another source of controversy was Claure’s attempt to increase the company’s focus on cryptocurrencies.

Claure was one of three dignitaries, along with Misra, who were are considered potential replacements to the Son. Another, former Goldman Sachs banker Katsunori Sago, resigned as director general last year in less than three years. Sago’s exit led by the departure of the company’s CEO, law chief and chief communications officer.


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