SoftBank is expected on Wednesday to impose stricter governance standards for dual-class structures after the WeWork troubles, the Financial Times said.
Masayoshi Son, CEO of Japanese mega-investor SoftBank, told colleagues that"we created a monster" in WeWork, the Financial Times reported. SoftBank will on Wednesday impose stricter governance standards on dual-class share structures after the WeWork fiasco, the FT said. SoftBank is expected to take a multibillion dollar writedown on WeWork, the FT said. View Business Insider's homepage for more stories.
Masayoshi Son, CEO of Japanese mega-investor SoftBank, told colleagues that"we created a monster" in WeWork, the Financial Times reported. SoftBank will on Wednesday impose stricter governance standards on dual-class share structures after the WeWork fiasco, the FT said. SoftBank is expected to take a multibillion dollar writedown on WeWork, the FT said. View Business Insider's homepage for more stories.
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