TOKYO (May 29): SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly US$15 million, even as the fund's underperformance pushed SoftBank to a record operating loss of some US$13 billion.

The ¥1.6 billion amount included basic pay and other compensation, a group filing showed.

The figure was second only to renumeration for SoftBank Group Corp chief operating officer (COO) Marcelo Claure, which rose 17% to ¥2.1 billion.

While offering big pay packets to foreign executives, compensation for chief executive officer Masayoshi Son was ¥209 million, a 9% decline compared to a year earlier.

SoftBank's massive annual operating loss was largely due an US$18 billion shortfall at the Saudi-backed Vision Fund which has seen investments in start-ups like office-sharing firm WeWork and ride-hailing app operator Uber Technologies Inc flounder.

A key architect of the disastrous WeWork investment, vice chairman Ron Fisher who was the group's most highly paid executive in the previous business year, saw his renumeration slashed 80% to ¥680 million. COO Claure has become WeWork's executive chairman as SoftBank restructures the company