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SoftBank CEO Masayoshi Son stands before an optimistic turnaround chart for WeWork.
- SoftBank published its financials for the July to September quarter on Wednesday, posting a big loss thanks to the poor performance of its investments in WeWork and Uber.
- CEO Masayoshi Son is known for giving idiosyncratic presentations filled with expressive images, wild graphs, and inspirational quotes.
- He didn't disappoint during his financial presentation on Wednesday.
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SoftBank CEO Masayoshi Son, the man overseeing the $100 billion Vision Fund, has something of a reputation for wild pitch decks. In 2010, he famously laid out a 300-year vision over a set of slides full of inspirational quotes and whimsical musings on the nature of love.
The Japanese magnate and investor hasn't disappointed with his latest set of slides.
In a financial presentation for SoftBank's July-to-September quarter on Wednesday, Son directly acknowledged the financial damage wrought by his firm's multi-billion dollar bet on office-sharing firm WeWork, describing it as the "WeWork problem."
SoftBank's financials indicated that its combined loss on the value of its WeWork shares came to $8.2 billion.
WeWork was headed to IPO and worth an estimated $47 billion, but experienced a disastrous few months after reporters scrutinized its governance, business model, and the behaviour of cofounder Adam Neumann. The firm cancelled its IPO, and Neumann stepped down as CEO. SoftBank took control of the firm in October in a $9.5 billion rescue package.
But Son, per his presentation, is optimistic SoftBank can turn the firm around.
Here are the key slides. You can see Son's full presentation here.