Leaked memo sent by SoftBank's Vision Fund CEO defends 2 senior execs at the heart of a blistering Businessweek report
In a memo to staff, Vision Fund chief executive Rajeev Misra defended chief financial officer Navneet Govil and managing partner Jeff Housenbold and criticized Bloomberg's report as containing "unsubstantiated and reckless personal attacks on our employees." Misra said the company may pursue legal action.
Misra then slammed Bloomberg for its editorial approach to the SoftBank feature story in Businessweek, which ran two days ago under the headline, "SoftBank Vision Fund Employees Depict a Culture of Recklessness." He wrote that SoftBank held discussions with Bloomberg reporters and senior editors and that they "failed to produce supporting evidence" about claims regarding Govil and Housenbold.
More evidence of inaccuracy is Bloomberg's suggestion that Jeff has "gotten away with some questionable behavior." Jeff has a strong work ethic and operates with high integrity. Jeff strongly denies the quote regarding the marketing of Peloton, and nothing of the sort was ever reported to HR. When Bloomberg was pushed to provide more details about this meeting, they were unable to do so. In the Guardant example, we conducted an internal review and Jeff did everything by the book.
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