CEO Masaru Tange Gains 5,300% Stock value with 70% Pay Hike.
Japan has always rocked the charts for something bizarre, and this time, it is Masaru Tange, the CEO of Shift Inc. Tange is in the news for whipping up a strategy that skyrocketed his company's stocks. No, he did not do it by underpaying his staff. As per the media, hehe has achieved a 5,300% gain in stock by increasing his staff's salary. Let's dig deeper.
Are you feeling guilty for underpaying your staff? Do you think increasing your staff's salary can bolster your market value? Well, you should certainly calibrate your underpaid staff to the market rate, but not expect that to motivate the market to shower you with contracts—Masaru Tange's case is enterprise publicity.
So here we are trying something untenable—not separating water from milk but iron filings from a stack of sawdust. ...