Besides, BoA is up 14% so far — apparently investors overall don’t see this as a negative.
BofA being up today means nothing. Their stock was in the 40s just a few months ago, and it’s now down to $3.50. And if the people they are hiring have MBAs that aren’t worth a darn, then their HR department isn’t doing their job. The people I work with that have H1B-Visas are some of the most brilliant people I’ve ever met, and quite assiduous workers as well.