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Chronicles

The story behind the story

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Report: Rajeev Misra, head of the $100B Vision Fund, is accused of sabotaging other SoftBank execs for career advancement; Misra and SoftBank deny allegations

- Rajeev Misra, the head of SoftBank's $100 billion Vision Fund, is accused of overseeing a plan to lure SoftBank's then-president into a … Source: Wall Street Journal .

Business Insider Aaron Holmes

Context & Ripple Effects

This report lands on top of an older pattern: back in 2018, the Wall Street Journal reported SoftBank was investigating a smear campaign that called for the ouster of top execs Nikesh Arora and Alok Sama, and today's allegations tie Misra to similar tactics against the then-president. Misra and SoftBank's denials put the $100B Vision Fund's leadership under a governance spotlight it had largely escaped despite its investment stumbles.

First-order effects

  • Misra, already admitting in interviews that the fund made many investment mistakes, now has to defend his conduct rather than just its returns — and Masayoshi Son must decide how much political capital to spend shielding him.

Second-order effects

Third-order effects

The trend: SoftBank is steadily recentralizing power around Masayoshi Son, with the Vision Fund's most powerful lieutenant progressively stripped of board seats, operational control, and finally his role.

Discussion

  • @dseetharaman Deepa Seetharaman on x
    Dropping everything to read this. https://www.wsj.com/... https://twitter.com/...
  • @richmchugh Rich McHugh on x
    This story is bonkers, but also a textbook example of the so called Dark Arts and the role intelligence firms, law firms, and the media play https://www.wsj.com/...
  • @moorehn Heidi N. Moore on x
    You see why Softbank's investments have been so bad, if someone like this can rise there. When you see performance failing, look at the culture. https://www.wsj.com/...
  • @profgalloway Scott Galloway on x
    “He succeeded, in part, by striking at two of his main rivals inside SoftBank with a dark-arts campaign of personal sabotage.” There are a lot worse things than not working for SoftBank https://www.wsj.com/...
  • @maheshmurthy Mahesh Murthy on x
    Mahabharat in Masa-land: this is intense! How Rajeev Misra at @SoftBank apparently used underhand tactics to sabotage the careers of his rival colleagues @nikesharora & @AlokSama https://www.wsj.com/...
  • @modestproposal1 Modest Proposal on x
    Softbank is fully in the Tyson Zone: “The tactics included planting negative news stories about them, concocting a shareholder campaign to pressure SoftBank to fire them and even attempting to lure one of them into a “honey trap” of sexual blackmail” https://www.wsj.com/...
  • @katierosman Katie Rosman on x
    Remarkable how many shady situations Boies Schiller emerges on the wrong side of. #zelig https://www.wsj.com/...
  • @dickc Dick Costolo on x
    Really, what is the matter with people? Has everybody lost their mind? https://www.wsj.com/... via @WSJ
  • @newley Newley Purnell on x
    Rajeev Misra's targets were Nikesh Arora, who was once heir apparent to Mr. Son as chief executive, and Alok Sama, a deputy to Mr. Arora who grew to work closely with Mr. Son on big deals. Mr. Arora left SoftBank in 2016; Mr. Sama left last April. https://www.wsj.com/...
  • @robert_fenner Robert Fenner on x
    Fascinating dive into the goings on at SoftBank's Vision Fund. Rajeev Misra runs one of the world's largest tech funds. He got there in part thanks to a dark-arts campaign against two internal rivals. https://www.wsj.com/... via @WSJ
  • @birdyword Mike Bird on x
    Vision Fund chief planted negative news stories on internal rivals, concocted a shareholder campaign to pressure SoftBank to fire them, attempted to lure one into a honey trap of sexual blackmail, according to people familiar and documents seen by The WSJ https://www.wsj.com/...
  • @annimaniac Ann Miura-Ko on x
    👀 now this is partnership dynamics: Mr. Benedetti sent a team to Tokyo to set up the so-called honey trap, in which one or more women would lure Mr. Arora to a hotel room rigged with cameras in an attempt to obtain compromising images https://www.wsj.com/...
  • @thomasfarley Thomas Farley on x
    This article is bananas. Softbank/Boies/Misra will deny it all but @bradleyhope doesn't cut corners. https://www.wsj.com/...
  • @punitsoni @punitsoni on x
    Mind blown. Wow. Holy shit...the drama at SoftBank is insane. https://www.wsj.com/...
  • @vcstarterkit @vcstarterkit on x
    Scaling AUM is all fun and games until you realize it has also irreversibly scaled the amount of strife and politicking within the firm. https://www.wsj.com/...
  • @iamsamirarora Samir Arora on x
    Netflix movie material https://www.businessinsider.com/ ...
  • @newley Newley Purnell on x
    New: SoftBank's Rajeev Misra — overseer of $100B Vision Fund — used campaign of sabotage to hobble internal rivals. Big @bradleyhope @jennystrasburg piece detailing negative news stories, shareholder campaign, attempted sexual blackmail “honey trap.” https://www.wsj.com/... https…
  • @dtrinh Danny Trinh on x
    This is insane for Softbank. Look, we've all had beef with a colleague. But who here has had “I'm going to honey trap you with hookers in Tokyo” level beef? https://www.wsj.com/...
  • @profgalloway Scott Galloway on x
    Sad to hear this, he's done such a great job. https://www.businessinsider.com/ ...
  • @stephendodson Stephen Dodson on x
    If this was on Succession, I'd roll my eyes and say this would never happen. “Mr. Benedetti sent a team to Tokyo to set up the so-called honey trap, in which one or more women would lure Mr. Arora to a hotel room rigged with cameras in an attempt to obtain compromising images.” h…
  • @mikeisaac Rat King on x
    run me over with a (Softbank-backed) truck via @eringriffith https://www.wsj.com/... https://twitter.com/...