SoftBank’s CEO Boasts at Shareholder Meeting
SoftBank Corp.’s chief executive took a moment to bask in the glow of his all-but-certain acquisition of both Sprint Nextel Corp. and its prized asset Clearwire, telling investors he will now try to create the world’s largest company.
“Everyone accused me of being full of hot air when I promised I would achieve trillions of yen in sales. … They laughed when I said unapologetically in the year we made our biggest loss that I would soon earn trillions of yen in profits,” Masayoshi Son said at annual meeting of shareholders. “I now say, we will become the world’s biggest company — by all measures, whether by sales, profit, or market cap.”
