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SoftBank president Arora resigns after being cleared of misconduct

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Assets down liabilities up, good luck to Softbank. An expected and right decision by Arora...!

2 ( +3 / -1 )

What a world, money continously taken from the Have-not and given to the Haves. Resigning but staying as an adviser.

0 ( +2 / -2 )

cracaphat at Jun. 22, 2016 - 08:25AM JST "What made him think Son was ready to give up the reins anytime soon?"

According to an article I read elsewhere, when Arora first came to Softbank, Son was planning on retiring within a few years but that he has now changed his mind and plans to stay another five to ten years.

3 ( +3 / -0 )

This is not surprising. Arora would've made more than a few, jealous in his career span so far. All humans after all....

0 ( +0 / -0 )

Arora, during his brief tenure at Softbank, made over $2 billion of investments into startups and other ventures in his home country of India ... and if you happen to be just a little bit skeptical of what the real economics are in India, that is a Hell of a lot of money to be throwing over there.

Even if you understand just a little about India ... you've likely heard how incredibly bureaucratic and backward it gets especially in the rural areas. Then, how is it that their economic GDP forecasts always seem to be a just a few points above China...? As Jim Rogers suggests, those economic numbers are simply made-up ...

Taking a company like Softbank down the 'Jai Hind' path out of misplaced patriotic fervor is probably the biggest factor that led to dissatisfaction with Arora.

0 ( +3 / -3 )

Arora pour-me-a-gin

0 ( +0 / -0 )

The whole world is about earning money and money is the common language people all over the world understand. When materialism dominates, the value system goes down. When materialism is balanced with values, the whole world becomes one and we all can grow together. The globalisation is pushed by all countries, because all are interested in market of their own products. If globalisation is for removal of poverty, eradication of illiteracy and for better quality of life and higher standard of living, then as a global citizens, we can move forward

0 ( +0 / -0 )

Arora out, Sprint shares up 10%. Good news for SoftBank and Sprint. Hopefully Masayoshi Son will find a truly worthy successor in due time.

0 ( +0 / -0 )

Lots of Indian talents held ceo position in many US big firms,I just wonder how long this kinds of scenario will last any longer.

0 ( +0 / -0 )

@panamacanal

Arora, during his brief tenure at Softbank, made over $2 billion of investments into startups and other ventures in his home country of India ... and if you happen to be just a little bit skeptical of what the real economics are in India, that is a Hell of a lot of money to be throwing over there

The investments are over $10 billion and Arora is a US citizen,the startup market is on the rise and will keep on rising,the potential in this market itself is mind bogling, Son in all his wisdom has realised that he could make a killing and has therefore decided to stay.

Even if you understand just a little about India ... you've likely heard how incredibly bureaucratic and backward it gets especially in the rural areas. Then, how is it that their economic GDP forecasts always seem to be a just a few points above China...? As Jim Rogers suggests, those economic numbers are simply made-up ...

The current PM Modi is very very approachable and there is no bureaucratic red tape, just look at the FDI in the last 2 years, The economic GDP forecasts have been under reported and that is one of the reason why the current central bank governor's tenure has not been renewed, factor in the SME's and the GDP is over 10%.

Taking a company like Softbank down the 'Jai Hind' path out of misplaced patriotic fervor is probably the biggest factor that led to dissatisfaction with Arora.

As we will see this path will be taken by Son with full patriotic fervor, democratic India is all set to overtake China in the next 15-20yrs, Son knows this and is definitely not going to hand over this platter to anyone.

http://indianexpress.com/article/business/softbank-to-scale-up-investment-in-india-to-10-bn-ceo-masayoshi-son/

1 ( +1 / -0 )

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