SoFi in 2017 was embroiled in a sexual harassment investigation that led to the ouster of its CEO. "This feels like a continuation of the degradation of the strength of board oversight," Kato said about Chao. "Given some of the scandals at SoFi which he had invested in, it is not a ringing endorsement of his ability to contribute to better governance at SoftBank." SoftBank this year will conduct fewer and smaller deals, Son has said.