Son lost an important ally! Uniqlo Softbank founder resigned as director

　　December 27 Friday, Japan's Softbank confirmed that, since June 2001, served as Uniqlo founder outside the company's independent directors Yanai (Tadashi Yanai) will be retiring directorships December 31, aims to concentrate on their business .
　　Now 70-year-old Yanai Japan's richest man precisely for Japan Fast Retailing Co., Ltd. (Fast Retailing) founder and CEO. The company was founded in 1963, it has developed into the world's third-largest clothing retailer, which owns the famous brand Uniqlo (Uniqlo).
　　Public information, Yanai is the Son of long-time ally, but also by the board of directors and its subsidiaries Softbank executives of the Son who dared to criticize minority. Masayoshi Son was released in November this year when a loss Softbank revealed fourteen years first quarter, Yanai has been battered by economic giant WeWork share investment and severely rebuked him.
　　Informed sources, despite their differences over business strategy, the Son still want to be able to remain in office director Tadashi Yanai. But Yanai want to focus on their own their own business, Japan's Fast Retailing help the rapid expansion in the new global market in Italy, India and Vietnam, as well as investing heavily in robotics to improve logistics and supply chain, in order to adapt to the new era of e-commerce. <a
　　href=" https://tech.sina.com.cn/i/2019-12-27/doc-iihnzahk0365970.shtml"> According to Sina science and technology citing media reports </a>, Son and Yanai often It is funny and witty "debate" Softbank annual General meeting. This year in June, Masayoshi Son, Softbank had predicted that the value of the portfolio to grow 33-fold over the next 20 years, to 200 trillion yen (US $ 1.8 trillion). This statement has triggered directors laughter from the audience, only Yanai pretend anger, remind shareholders should always pay attention to the Son, "otherwise he would out of control."
　　Yanai Masayoshi Son founded on the vision and aggressive fund investment style is not satisfied. When Softbank released the first $ 100 billion by the vision of the Saudi sovereign wealth fund supported by the Fund in May 2017, Yanai had urged Son continue to focus on their core business. When he publicly said in an interview, the Son does have investment skills, "but I hope he can use in his capacity as entrepreneurs rather than the investor, to be successful." He also said his role is to tell the Son do not want to hear.
　　In June this year, Yanai also said: "No matter what the Son do, I always objected dream is a good thing, but there is no actual management is more important than what suit we should be down to earth..."
　　Softbank confirmed Yanai being a director heir has not been determined. Two years ago, the Son of another friend, Nidec Group (Nidec Corp), founder and CEO Shigenobu Nagamori also resigned as an independent director, which makes Softbank, leaving only two truly independent outside directors currently: Mitsui Group Chairman Masami Mishima (Masami Iijima), and in June this year to join the University of tokyo Professor Matsumoto dragon (Yutaka Matsuo), which is no artificial intelligence expert business management experience.
　　The outside world is no lack of criticism of the governance structure Softbank, Softbank executives believe the lack of a truly independent voice to question the judgment of the Son. However, some analysts pointed out that in view of the unique style Masayoshi Son, Softbank will always be the "Son of the company", the number of independent directors does not change this feature. Yanai to resign before the news broke, Softbank shares rose 1.5 percent on Friday, its shares tired day up nearly 30% this year. <a
　　href=" http://news.stcn.com/2019/1217/15548178.shtml"> earlier, according to Securities Times summarized </a>, Masayoshi Son, a series of bank failures tested the degree of tolerance of its new models, including theWeWork and Uber, including well-known enterprises to create valuation plummeted, leading Softbank lost nearly $ 6.5 billion in second-quarter operations report, this is the first time in 14 years. Masayoshi Son earnings conference admitted: "I have a problem on the investment decisions are being deeply reflect on their own." Japanese banking executives said they fund management for the billionaire $ 100 billion, Softbank and vision doubts about the practice.
　　Masayoshi Son, but does not seem to want to slow the pace of aggressive investment. News December 25 showed that Japan's Softbank vision Misra said the director of the Fund, may be completed in the first round second leg Vision fund raising of $ 30 billion in the first quarter of 2020, given the impact of WeWork IPO failed, second fund the scale fund-raising than the first branch "is much smaller." In July this year, Softbank announced the establishment of its second Superfund had said that the vision of the Fund No. 2 scale (nearly US $ 108 billion) exceed Vision Fund No. 1.
　　Thus, in the vision of the Fund No. 1 expressed dissatisfaction after the launch of Tadashi Yanai, the Softbank investment losses, vision fund No. 2 funding and other key point of the board of directors announced its withdrawal, naturally reminiscent of the deeper meaning behind.