Japanese energy firm Remixpoint has announced that it will pay its President and CEO's full salary in Bitcoin, marking a first for listed companies in Japan.
CEO Salary in Bitcoin
Remixpoint highlighted that its stock price often aligns with Bitcoin’s price, and compensating the CEO in Bitcoin will help align incentives between management and shareholders.
Management Approach
At a recent general shareholders' meeting, investors encouraged management to view decisions from a shareholder's perspective, leading the company to explore new management methods. Given the limitations for listed companies in Japan, paying in Bitcoin provides a feasible alternative.
Trend in Japanese Business
This move aligns with a growing trend among Japanese businesses, where companies like Gumi and Value Creation are adopting Bitcoin in their corporate strategies.
Remixpoint's decision to pay its CEO's salary in Bitcoin underscores a new era in corporate governance that emphasizes shareholder interests through crypto assets.
