SoftBank COO to step down

CNBC reports that SoftBank Group’s Chief Operating Officer Marcelo Claure is preparing to step down immediately.

Last month, there were media reports that Claure was seeking about $2 billion in compensation over the next several years.

SoftBank founder and Chief Executive Officer Masayoshi Son was looking to pay him a much smaller sum, according to the report.

CNBC reported that Claure has been in talks to leave SoftBank for several months.

Claure may want to run his own investment firm, the report added.