As a test of loyalty to founder Masayoshi Son, some SoftBank executives have been encouraged to fund stakes in Vision Fund II by borrowing more than 10 times their salary. Participation is apparently not obligatory, but some employees worry that opting out may hurt their career.
The loans are being offered to a large number of senior executives across the group. Under the scheme, executives are offered loans from a UK-based subsidiary of SoftBank, Triangle Lender, which lists Mr Son’s top lieutenant Rajeev Misra as a director. The outsized loans have been offered as the primary way for senior executives to invest in the Vision Fund. People familiar with the scheme said that executives were actively discouraged from investing their own cash.