Sprint suitor Son stands apart in sober Japan [getdailynow.blogspot.com]
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Published October 16, 2012
Associated Press
TOKYO â€"  The Japanese billionaire behind a deal that will create the world's third-biggest mobile company spent his childhood in a slum, where he proudly rode in a stinking wheelbarrow filled with pig feed, pushed by his grandmother, a Korean immigrant.
The unlikely success story of Softbank Corp. President Masayoshi Son has taken another leap with his latest mega-deal, announced Monday, to take a 70 percent stake in U.S. mobile carrier Sprint Nextel Corp. for $ 20 billion.
The biggest foreign acquisition in the history of Japan Inc. underlines Son's unusual status in a corporate culture that has frowned upon risk taking. But his high-profile acknowledgement of his Korean roots may be what most sets Son apart in Japan.
Son is Japan's second richest man with a $ 7.2 billion fortune, according to Forbes.
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