Marcelo Claure resigns from SoftBank because he demands compensation of $ 2,000 million

The most famous Bolivian in the world of global business, Marcelo Claure, one of the main deputy directors of the founder of SoftBank, Masayoshi Son will step down as chief operating officer after a dispute over possible compensation of roughly $2 billion, The New York Times, Bloomberg and CNBC reported.

SoftBank, a Japanese conglomerate that has made large investments in startups, including WeWork and Uber, make an official announcement in the coming days about the resignation of Claure, who joined SoftBank in 2017 after leading the telecommunications company Sprint.

According to information published by The New York Times, Michel Combes, former CEO of the communications company Altice who currently serves as president of SoftBank Group International, will assume the functions of Claure at the head of SoftBank’s international operations, according to one of the people, who spoke on condition of anonymity because the information had not been made public.

Also, CNBC previously reported on Claure’s impending departure (cnbc.com).

In just a few years, Claure became a close confidant of Son and played a singular role at SoftBank, frequently untangling messy investments, pursuing lucrative opportunities and courting startup founders.

According to The New York Times, the Bolivian executive wanted $2 billion in compensation from SoftBank for changing WeWork, and for Sprint’s successful alliance with T-Mobile. Bloomberg also reported that Claure is retiring due to compensation disagreements with Son.

In social networks, some US technology entrepreneurs have highlighted Claure’s decision and considers that she will be successful in new businesses to undertake Such is the case of Martin Varsavsky who highlights “the brilliant mind of the executive who has built incredible things and will surely separate it (from SoftBank).

According to information handled by the US news network CNBC, Claure has been in talks to leave SoftBank for several months, said the people, who asked not to be named because the negotiations are private. The Bolivian executive may be looking to run his own investment firm, the sources said.

Claure, who is also president of the Bolivar club, joined SoftBank after selling a majority stake in the wireless service provider Brightstar to the company for $1.26 billion. He later became CEO of SoftBank’s majority-owned Sprint, which successfully merged with T-Mobile in April 2020.

In 2018, Claure stepped down as head of Sprint and took on additional roles at SoftBank, including Chief Operating Officer at SoftBank Group and CEO at SoftBank Group International. President and CEO Masayoshi Son chose him to renew WeWork in October 2019 after Son helped oust founder Adam Neumann from the company’s leadership.

The information handled by CNBC realizes that It is not the first time that an adviser close to Son has abruptly left the company. Nikesh Arora, who came to SoftBank to eventually succeed Son, left in 2016 when Son decided he wasn’t ready to quit. Alok Sama, another top Son lieutenant, left the company in 2019.

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The most famous Bolivian in the world of global business, Marcelo Claure, one of the main deputy directors of the founder of SoftBank, Masayoshi Son will step down as chief operating officer after a dispute over possible compensation of roughly $2 billion, The New York Times, Bloomberg and CNBC reported.

SoftBank, a Japanese conglomerate that has made large investments in startups, including WeWork and Uber, make an official announcement in the coming days about the resignation of Claure, who joined SoftBank in 2017 after leading the telecommunications company Sprint.

According to information published by The New York Times, Michel Combes, former CEO of the communications company Altice who currently serves as president of SoftBank Group International, will assume the functions of Claure at the head of SoftBank’s international operations, according to one of the people, who spoke on condition of anonymity because the information had not been made public.

Also, CNBC previously reported on Claure’s impending departure (cnbc.com).

In just a few years, Claure became a close confidant of Son and played a singular role at SoftBank, frequently untangling messy investments, pursuing lucrative opportunities and courting startup founders.

According to The New York Times, the Bolivian executive wanted $2 billion in compensation from SoftBank for changing WeWork, and for Sprint’s successful alliance with T-Mobile. Bloomberg also reported that Claure is retiring due to compensation disagreements with Son.

In social networks, some US technology entrepreneurs have highlighted Claure’s decision and considers that she will be successful in new businesses to undertake Such is the case of Martin Varsavsky who highlights “the brilliant mind of the executive who has built incredible things and will surely separate it (from SoftBank).

According to information handled by the US news network CNBC, Claure has been in talks to leave SoftBank for several months, said the people, who asked not to be named because the negotiations are private. The Bolivian executive may be looking to run his own investment firm, the sources said.

Claure, who is also president of the Bolivar club, joined SoftBank after selling a majority stake in the wireless service provider Brightstar to the company for $1.26 billion. He later became CEO of SoftBank’s majority-owned Sprint, which successfully merged with T-Mobile in April 2020.

In 2018, Claure stepped down as head of Sprint and took on additional roles at SoftBank, including Chief Operating Officer at SoftBank Group and CEO at SoftBank Group International. President and CEO Masayoshi Son chose him to renew WeWork in October 2019 after Son helped oust founder Adam Neumann from the company’s leadership.

The information handled by CNBC realizes that It is not the first time that an adviser close to Son has abruptly left the company. Nikesh Arora, who came to SoftBank to eventually succeed Son, left in 2016 when Son decided he wasn’t ready to quit. Alok Sama, another top Son lieutenant, left the company in 2019.

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