8chan/8kun QResearch Posts (1)
#12750039 at 2021-01-29 02:11:13 (UTC+1)
Q Research General #16277: The 'Sometimes People Have To Be Shown' Edition
Masayoshi Son Rewards Top Execs With Massive Loans To Help Pump SoftBank Shares
With retail traders asserting their dominance over equity markets in a way the world hasn't seen before (thanks to Wall Street Bets and its legions of rabid users hell-bent on punching hedge-fund shorts in the nose by taking GME to the moon), it's worth looking back on an incident - which only unfolded few months ago - where Zero Hedge called out SoftBank for using an options-trading strategy that was partly responsible for driving huge gains in the Nasdaq (which, in turn, bolstered SoftBank's bottom line) (and, in turn, bolstering both SoftBank and many of its top positions).
SoftBank ended up making billions via what we termed "the biggest gamma squeeze" in history. But now that a similar squeeze has made GME the markets story of the year, and retail traders are once again taking over the market, SoftBank has shared another piece of the puzzle in its annual report.
As the FT reports thanks to an incentive package that was approved a year ago (last February), four top SoftBank executives are sitting on a collective gain that could be as large as $1.2BN after they were each loaned hundreds of millions of dollars to buy the company's (fast-rising) shares.
Last year, SoftBank granted a total of $600MM in loans to four top executives: Rajeev Misra, head of SoftBank's infamous Vision Fund, Marcelo Claure, currently the head of SoftBank Group International, Katsunori Sago, SoftBank's chief strategy officer, and Ken Miyauchi, recently promoted to president and CEO (Nikkei targeted Miyauchi in a glowing profile published Thursday).
Since then, three of these men (including, most famously, Misra) have stepped down from SoftBank's board, alleviating the company of the responsibility for disclosing these compensation schemes. As one "expert" pointed out, not only is it unusual (if perhaps not illegal) for a company to refuse to disclose these compensation packages, in Japan, hefty executive pay packages are frowned upon, which is one reason why SoftBank might not want to reveal them.
https://www.zerohedge.com/markets/masayoshi-son-rewards-top-execs-massive-loans-help-pump-softbank-shares