CEO Behind 5,300% Stock Gain Says Secret Is Raising Salaries
Bloomberg 1 hr ago Min Jeong Lee and Toshiro Hasegawa
(Bloomberg) Masaru Tange says the strategy that turned his company into one of Japan’s best-performing stocks may be surprising: He buys smaller firms and boosts their workers’ pay.
Tange’s Shift Inc., a software tester, acquires other businesses near the bottom of the industry supply chain and raises their engineers’ salaries. He says he’s 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.
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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.
Giving Workers More Money is Key To Increased Productivity Says Japanese CEO gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Masaru Tange says the strategy that turned his company into Japan’s best-performing stock may be surprising: He buys smaller firms and boosts their workers’ pay.
Tange’s Shift Inc.