[Bombast about CEOs and personal fortunes deleted]
[Asbestos suit DONNED. Sarcasm torpedo ARMED. FIRE!]
Yep, that's for that one startup.
Tell me again the additional value Carly Fiorina
has brought to H-P, or Scott MacNealy to Sun, lately?
Oh yes, why has Microsoft stock been more or less flat for
five years despite a, what was it, five-fold increase in
revenue? And why did Microsoft decide to invest heavily
in outsourcing to India as of last summer, when they
had approximately $60 billion in cash and basically
NO DEBT?
Investing that $60 billion in US treasuries --the guaranteed 'risk-free' rate of return, and THEN paying
taxes, you have the money to pay for HOW MANY US programmers instead of third-worlders? And that without
touching EITHER the principal OR the cash flow from
continuing operations.
How about focusing on the same topic (large, established
US multinationals hiring third-world workers to profit
from supposed 'wage arbitrage') as the people posting
questions? </g>
Hey man, don't get me started. That is why I don't invest in these companies. I have zero faith in their leadership. Sun sat on their ass and HP utterly wasted their assets.
I've been doing the Silicon Valley thing for quite a while now and I can separate the sheep from the goats. Yes, there are herds of VC and execs that are nigh worthless, but in the long run those guys lose their shirts and/or go to prison. I've done this more than once, and have gotten pretty good at it. Every account comes due eventually, and the really good guys always win.