The investor group also asked SoftBank to investigate whether Arora has any conflicts of interest due to his existing role as a senior adviser to VC firm Silver Lake
A group of investors in SoftBank Corp has asked the board to investigate its President and COO Nikesh Arora for his “poor investment performance and a series of questionable transactions” during his tenure as Head of Investments, according to a Bloomberg report.
In letter to the company’s board in January this year, one of the investors also sought his possible dismissal and questioned his track record and qualifications as heir apparent to Founder Masayoshi Son.
The 11-page letter was submitted through US law firm Boies Schiller & Flexner. However, the names of the investors or the size of the shares they own in the company has not been revealed.
The investor group also asked SoftBank to investigate whether Arora has any conflicts of interest due to his existing role as a senior adviser to VC firm Silver Lake. According to the investor group, an internal investigation by an independent firm will establish grounds SoftBank and Sprint (which SoftBank acquired in 2013) to dismiss Arora.
Arora has denied all the allegations, saying none of the comments have any base and that his track record will speak for itself and.
Son has also denied the allegations and said in a statement that he has complete trust in Arora and one thousand percent confidence in him and know he will continue to do great things for SoftBank in the future.
In May last year, SoftBank had reshuffled its top-level management appointing Investments Head Nikesh Arora as President and naming him as a potential successor to Son.
Before joining Google, Arora was a telecom analyst at Putnam Investments. He then went on to create his own mobile data startup in 2000 and also worked with T-Mobile in various capacities including as CMO of its European Business and a member of the Board. At Google, Arora was responsible for all partnerships, marketing, sales and customer activities in addition to being part of the company’s management team. He has an MBA from Northeastern University, a Master’s Degree in Finance from Boston College and graduated as an Electrical Engineer from IIT-BHU.
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