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CEO Behind 5,300% Stock Gain Says Secret Is Raising Salaries


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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