(Bloomberg) -- The head of SoftBank Group Corp.’s Vision Fund received a substantial increase in compensation even as the investment business delivered a $17.7 billion loss.

Rajeev Misra earned 1.61 billion yen ($15 million) in the year ended March 31, more than double his pay a year earlier, SoftBank said in a statement on Friday. The Vision Fund lost 1.9 trillion yen in the period, triggering the worst loss ever in the Japanese company’s 39-year history.

SoftBank had to write down the valuations of companies like WeWork and Uber Technologies Inc. because of business missteps and the coronavirus fallout. Its return on the fund was negative 6%, compared with 62% just a year ago. Still, Misra was SoftBank’s second-highest paid executive last year after Chief Operating Officer Marcelo Claure. Founder Masayoshi Son took a 9% pay cut, earning 209 million yen.

Claure, who helped close Sprint Corp.’s merger with T-Mobile US Inc. and is leading the effort to turn around WeWork, made 2.11 billion yen, a 17% raise. Chief Strategy Officer Katsunori Sago earned 1.11 billion yen, a 13% increase for the former Goldman Sachs Group Inc. executive. Ronald Fisher, Son’s long-time lieutenant and SoftBank Group vice chairman, saw his pay plunge 79% to 680 million yen. Ken Miyauchi, head of SoftBank’s domestic telecom operation, made 699 million yen, a 43% drop.

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