Mr. Nikesh Arora
This India-born former Google executive Nikesh Arora has been appointed the president of Japan’s telecommunications giant SoftBank Corp that paid the “rising star” a whopping $135 million (Rs 850.5 crore at 1 dollar = 63 rupees) from September last year to March this year.
He was appointed company president and chief operating officer at a general meeting of shareholders and his salary stands INR 120 crore per month or INR 4 crore a day.
In a management reshuffle last month, Arora – investments head at the time – was named as a potential successor to company chairman and CEO Masayoshi Son, as the telecoms conglomerate steps up its overseas expansion.
Mr. Arora joined the Japanese company last September. He was previously chief business officer at Google Inc, which he entered in 2004 as a telecom industry analyst before being recruited by Mr Son.
He was Google’s highest paid executive in 2012 with $46.7 million in total compensation.
Of the total, 14.6 billion yen was paid as an entering bonus and compensation for his work as an executive at a SoftBank subsidiary, cited the conglomerate’s latest financial report.
Unlike elsewhere in the world, there are few business executives in Japan who are paid several billions of yen a year and it is rare for a Japanese company to pay more than 16 billion yen annually to an executive, it said.
In less than a year at SoftBank, Mr Arora has already directed about 200 billion yen ($1.67 billion) worth of deals that include investments in Indian technology start-ups – Snapdeal, an online marketplace, and taxi-booking service Ola Cabs.
Mr Arora has an MBA, a master’s degree in finance from Boston College, Northeastern University(NU) and graduated as an electrical engineer from IIT-BHU (Indian Institute of Technology, Varanasi).