Finance Monthly April 2020 Edition

10 www.finance-monthly.com NEWS - MONTHLY ROUND-UP SoftBank’s boss has recently been under increased pressure to rein in on his unpre- dictable investment style and risky choic- es. Masayoshi Son, CEO at SoftBank Group Corp, has assured investors he will be “more careful” moving forward, and will tone down on the mercuri- al investment style he is so well-known for. Following recent pres- sure from hedge fund management Elliott Management, Masay- oshi Son, CEO at Soft- Bank Group Corp, has reassured investors that on the back of poor start-up invest- ments such as We- Work, he will be more careful when it comes to investment choices. Elliot Management has been pressuring Softbank manage- ment to buy back up to $20 billion of its stock and has been requesting that the firm improve its gov- ernance of diversity and transparency within the board and beyond. According to three separate sources who attended an internal meeting on Monday, Son says he has not been giving enough weight to the opin- ions of investors and board members when it comes to invest- ment choices but will be more careful: “I promise you I’ll start to be more careful and listen. My view doesn’t change, but my behaviour be- comes a little more careful.” Son also emphasised the low stock trad- ing values currently available on SoftBank stock, particularly when compared to the firm’s overall asset value, encouraging in- vestors to buy-in. SoftBank CEO: ‘I’ll Be More Careful’