SoftBank CEO Defends Vision Fund Chief After Losses, Controversy

SoftBank Group Corp. founder Masayoshi Son defended the controversial chief of his investment arm after record losses and management controversies.

In response to a question at his annual shareholders meeting about how he delegates power, Son made clear that he stands behind Rajeev Misra, the head of his $100 billion Vision Fund. Son said that without Misra SoftBank wouldn’t have been able to raise the capital for the fund and invest in promising startups.

Masayoshi Son speaks during the company’s annual general meeting on June 25.

Photographer: Kiyoshi Ota/Bloomberg

“He may be getting criticized for this and that, but Rajeev is one” of the key executives at SoftBank, Son said. “There wouldn’t be ...