• Bloomberg

  • SHARE

Telecom giant NTT Group is offering record pay to hire top scientists as it looks to match some of the basic research prowess of global powerhouses including Alphabet Inc. and Apple Inc.

The former Japanese telephone monopoly has set annual salaries of as much as $1 million (¥108.45 million) for researchers at its labs in Palo Alto, California, said Kazuhiro Gomi, president of the company’s research arm. That’s more than the company pays its chief executive officer and 41-year veteran Jun Sawada, and a rare step for a traditional Japanese company like NTT.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)