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Meet the man who bid goodbye to a job that earned him Rs 500 crore annually

Arora, 48, who joined SoftBank in September 2014 with an annual salary of $73 million (around Rs 500 crore). 


Meet the man who bid goodbye to a job that earned him Rs 500 crore annually

Zee Media Bureau

Rarely one comes across such an example where person earning millions in salary suddenly bids goodbye to his job. In case you don't believe if such a possibility actually exists, then read further.

Nikesh Arora, the President of SoftBank Group Corp, and one of the highest paid professionals, hung up his boots a couple of days back.

Arora, 48, who joined SoftBank in September 2014 with an annual salary of $73 million (around Rs 500 crore). He received over $200 million in monetary compensation over the last two years.

He has sold the $500 million of SoftBank shares he bought last year to company CEO Masayoshi Son at a small loss.

Arora had abruptly resigned from his position on June 21 after it became clear that Chairman and CEO Masayoshi Son wanted to continue in his current post for another 5-10 years.

Arora, who was touted as heir apparent at SoftBank, had said he can't be "CEO-in-waiting past his sell-by date" as his 58-year-old boss Son wanted to continue.

He, who was hand-picked by Son two years ago to succeed him, was among the top-paid executives globally.

Well, it takes serious guts to take a decision of this kind.

 

From Zee News

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