Masayoshi Son compared himself to Jesus Christ while protecting his financial investment method, after disclosing SoftBank had run-up an archive $13bn yearly loss on Monday.
The 62-year-old creator and chief executive associated with the Japanese technology conglomerate has vowed that his $100bn Vision Fund will tackle the largest challenges and risks dealing with mankind today.
As experts squeezed him on its bad overall performance up to now during a trader turn to Monday, Mr Son noted that Jesus was also misinterpreted and criticised, in accordance with three people who were regarding the call.
Two of them said Mr Son used the analogy to declare that their reputation is reassessed in the event that fortunes of his investments enhanced.
Mr Son, that has in the past quoted Yoda from the celebrity Wars movies and urged investors to hear the power, in addition recommended the Beatles wasn't well-known if they began.
He spoke after he had been asked whether he thought he had been misunderstood by the news and whether there was a gap between your publics view of SoftBank and his eyesight, relating to another person just who joined up with the decision.
SoftBank declined to comment.
The buyer telephone call involved questions about the continuing future of the $100bn Vision Fund, the worth which features declined by $18bn after many of its huge bets, including the car-booking organizations Uber and Didi as well as the hotel business Oyo, had been hit by the coronavirus crisis.
Mr boy compared the crisis toward Great anxiety, saying the Dow Jones took 25 years to recuperate and then he expected the same influence from the pandemic. I'd say this might be unprecedented crisis that we are experiencing, he said in an earnings call.
He included that because performance of first Vision Fund isn't that great, SoftBank would continue to use its own money for a moment Vision Fund. We didn't do the advertising for Vision Fund 2 for the lovers for awhile [...] If the performance is not very good, then, definitely, the cash for Vision Fund 2 cannot be expected [from] other folks.
SoftBank in addition warned on Monday so it cannot spend a dividend for the coming financial 12 months the very first time since its 1994 listing, and included that Jack Ma, founder of Chinese internet business Alibaba, would step down as a manager after 13 years.