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He buys smaller firms and boosts their workersâ pay.
By Min Jeong Lee and Toshiro Hasegawa, Bloomberg
17 May 2021
08:13
Image: STR/AFP/Getty Images
Masaru Tange says the strategy that turned his company into Japanâs best-performing stock may be surprising: He buys smaller firms and boosts their workersâ pay.
Tangeâs Shift Inc., a software tester, acquires other businesses near the bottom of the industry supply chain and raises their engineersâ salaries. He says heâs able to do this and still charge competitive prices by cutting out layers of companies that serve as middlemen in the outsourcing process. And having more workers leads to higher sales.