SoftBank executives set to lose hundreds of millions on complex Wirecard trade inspired by Warren Buffett

Business Insider

23 Jun 2020 0 shares 1 views

SoftBank executives set to lose hundreds of millions on complex Wirecard trade inspired by Warren Buffett

Business Insider

Published 23 Jun 2020

· Wirecard's share price has tanked 80% since its accounting practices were called into question. On Monday the company said that roughly $2 billion in cash missing from its balance sheet likely does not exist.
· The plummeting share price has erased hundreds of millions of dollars of profits for a group of SoftBank executives...

Full Article

Related news coverage

40 insiders reveal the meteoric rise of Silver Lake's Egon Durban, the tech-focused PE firm's No. 1 dealmaker who strong-armed his way to the top and is about to get $18 billion more to invest

· Egon Durban became co-CEO of Silver Lake Partners in December, giving him more control of the tech-focused private-equity firm..

Business Insider 27 Jun 2020

Here's how Wirecard went from analyst darling to a $2.2 billion accounting scandal — and cost SoftBank hundreds of millions in the process

· *Wirecard, one of Europe's leading financial technology companies, is at the heart of one the region's biggest corporate..

Business Insider 24 Jun 2020

SoftBank executives set to lose hundreds of millions on complex Wirecard trade inspired by Warren Buffett

SoftBank executives set to lose hundreds of millions on complex Wirecard trade inspired by Warren Buffett

You might like

Related news coverage

40 insiders reveal the meteoric rise of Silver Lake's Egon Durban, the tech-focused PE firm's No. 1 dealmaker who strong-armed his way to the top and is about to get $18 billion more to invest

Here's how Wirecard went from analyst darling to a $2.2 billion accounting scandal — and cost SoftBank hundreds of millions in the process

Advertisement