SoftBank Shareholders Criticize Company After WeWork Wipeout
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SoftBank Group Corp. ’s biggest investors are putting pressure on the tech conglomerate over its governance and for bad investments in its $100 billion investment fund.
Investors including Capital Group, hedge fund Tiger Global Management LLC and Southeastern Asset Management Inc. have privately criticized the company over losses in the Vision Fund and governance issues in recent weeks, people familiar with the matter said.
The investors have also criticized SoftBank’s plan to help raise cash for a second Vision Fund by lending billions of dollars to its own executives, the people said.
Reported by WSJ
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