The US market regulator is examining Japanese mobile giant SoftBank over misconduct allegations lodged against its former president Nikesh Arora, who quit last week, a report said on June 30
Leading Japanese telecom firm and technology investor SoftBank is facing a preliminary enquiry over the conduct of Nikesh Arora, who quit the firm as COO last week, a Bloomberg report said today.
Nikesh Arora, the former Google executive handpicked by the SoftBank founder Masayoshi Son as his successor, has abruptly quit as president after it became clear that Son wanted to remain at the helm longer than first planned.
In September 2014, India-born ex-Google executive Nikesh Arora joined SoftBank Capital as Vice Chairman triggering a flood of investments in the Indian start-ups space.
In line with trending terms like "Brexit" and "Rexit", now Twitteratis have coined a new expression "Nexit" after India-born Nikesh Arora announced his surprise resignation as President and COO at SoftBank
A look at some of the quotes by Nikesh Arora, one of the highest paid executives globally, who stepped down as President and Chief Operating Officer of Japan‘s SoftBank on Tuesday
It is not clear whether Arora has taken a haircut -- a likely prospect -- on his investment in his employer's shares. But the fact that he departed so soon after making such a mammoth bet on the firm's future itself looks an investment gone wrong.
In a development that could mean trouble for Indian startups, Nikesh Arora, President and COO of leading Japanese Internet company SoftBank, has stepped down following shareholder attacks against him.
Earlier this year, allegations had been raised in a number of letters from a law firm that claimed to represent the interests of certain unidentified SoftBank Group (SBG) and Sprint Corporation shareholders.
Investors in the letter allegedly questioned Arora's poor investment performance and a series of questionable investments. The letter said despite these issues the SoftBank board saw fit to make Arora the third highest paid executive in the world without any track record of accomplishment at the company.
The project is to be developed in the Ghani Sakunala Solar Park, Kurnool district, the statement said, adding that this is SoftBank's first step towards realising its USD 20 billion commitment to promote clean and safe energy in India.
The NASSCOM Product Conclave, 2015, saw over 2,000 entrepreneurs, a showcase of over 120 innovative products and early start-up companies and Vice Presidents and thought leaders expanding on the theme of the conference.
Stating that he understood it is "difficult doing business in India", the former Google executive said the situation in the country has changed post the new leadership taking over.
Nikesh Arora talks about why he's worried about the way some start-ups in India are scaling and how you can't 'business model' your way out of a bad product.
The billionaire entrepreneur came up with the buyout proposal personally as he sought greater management freedom and as SoftBank's share price slid, Bloomberg said, citing unnamed people with direct knowledge of the plan. Son's deputy, President Nikesh Arora, was aware of the plan, Media cited one of the people as saying.
Nikesh Arora was named president and chief operating officer in June as a potential successor to chief executive Masayoshi Son, who led the firm's USD 21.6 billion takeover of US mobile giant Sprint in 2013.
Industry watchers say that the smaller players looking for funding will feel the pain initially, but the bigger players too won‘t be immune to this trend
'It‘s a great time to be out there, raising money' says Nikesh Arora, President and CEO of Softbank.
Ola (formerly Olacabs) has entered into a "definitive agreement" with SoftBank Internet and Media, and other existing investors to raise USD 210 million, it said in a statement today.
Emphasising on the vital role a marketeer plays in any given business, Nikesh Arora, senior vice president and chief business officer, Google says given the change in consumers' perspectives, a marketeer's fundamental task is to relate to the consumer and know where the consumers are.
Nikesh Arora, one of the brightest minds in information technology and senior vice-president and chief business officer at Google explains that a series of innovations by the company will increase user-control and render the context of the device redundant.
Google's Senior Vice President and Chief Business Officer, Nikesh Arora is in India this week and he made time to take questions from the Storyboard community - from Larry Page to Google TV and the future of the world.