CEO behind Japan’s best-performing stock says his secret is raising salaries
&gt; Tange, 46, says his business model is an attempt to remove inefficiencies in Japan’s software industry, where layers of subcontractors take cuts on orders before passing the work to another company below.<p>This reminds me of a role I once had back in the late nighties.<p>I was hired on contract by a multi-national consultancy firm to help out on one of their projects. The need someone to come in with good C programming skills.<p>When I started I was amazed to find a 70 developers and testers workforce working on the project, most of whom were straight out of university.<p>A nice earner for the consultancy firm; they were charging their development team out at $150.00 per hour, yet only paying graduate salaries.<p>It must have been $100+ profit per hour per developer.