Softbank's Nikesh Arora Unexpectedly Steps Down

Softbank's Nikesh Arora Unexpectedly Steps Down

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Business

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Nikesh Arora is stepping down from his role at SoftBank, a surprising move as he was seen as the successor to Masayoshi Son. Arora, who joined from Google, was promoted to president and was expected to take over as CEO. However, a small press briefing in Tokyo revealed that Son decided to remain CEO longer, leading to Arora's departure. Arora will continue as an advisor but will relinquish his president role. The timing coincides with SoftBank's profitable sale of its Supercell stake. Arora faced criticism from investors, raising questions about its impact on his exit.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What role will Nikesh Arora continue to have with the company after stepping down?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What criticisms did Nikesh Arora face from outside investors?

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