Suffice it to put things like this. Before the special dividend, Micro$oft was sitting on $56 billion in cash.
If they had invested that in US Treasuries -- the "risk-free" rate of return according to financial types -- at the low point in the interest rate cycle, they would have had approximately $1 billion per year "risk free" with which to hire American techies.
All this without jeapordizing either the principal or the cash flow from continuing operations.
And remember that the cash hoard was built up before the current offshoring craze, meaning they built up the money paying prevailing wages.
So this is just unforgivable greed on the part of the executives.
NO cheers, unfortunately.
See also this vanity on "the education of the US student"...
Both democrats and republicans are falling over themselves to help their whores in big business with all the cheap labor they can find. At the same time they are destroying our country from within.
There is no difference between parties; their only concern is their own greed. It's time to start using the word "treason".
Maybe sometime in the future we will be able to try them for their crimes against America even though they thing they have immunity from such prosecution.
Yay!
Yes, HP, Sun, and the rest, over the short term hiring H1B's gives you an edge
Over the long term, as the H1B's go back home with your trade secrets and join startups in their native lands, you will be driven from the field. But the current CEO's don't care, they figure to have pulled the ripcords on their golden parachutes by then
Has anyone ever seen some data on what percentage of H1-B visa-holders become U.S. citizens? Solid data, I mean, not some hysterics from a anti-immigration website. Thanks in advance.
I read and read this sentence. Talk about a nonsensical statement.
Maybe if tells potential employers that he will work for $12 an hour, they will hire him?
Read my tagline.
No big deal. 80,000 just walk over the border every month. H1B visas are not priority. Bush's secret amnesty negotiations with Mexico and his amnesty deals with Congress deserve more comment.
Let's make it very clear. ...increasing supply (H1-B's)reduces the wage. This gut's the students who were considering high tech as a career. We are eating our own seed corn.
Every H1B is an indentured servant. They can't change jobs, they can't quit, and they can't say 'no' to anything their boss says, or they're shipped home.
Over and above the many other reasons this program needs to end, this tops everything. End slavery (again) now.
There are a lot of Americans who are qualified and out of work and looking. This is wrong. It's the goverment's gift to big business. How about giving a gift to ordinary people?
Doing the jobs Americans won't do. Won't do for $10 an hour, that is.
The greed is growing. American companies fighting for immigrant workers at half the price, rather than provide jobs for Americans searching for work! Boycott! Boycott! Boycott!
Gee, don't we have any qualified American citizens?
ping
H1B visa window opens (80,000 Visas Available for 2008 Fiscal Year)
This is why the next terror attack is not an "if" but a "when"
If all those people move here, who will answer the phone when I call Desk Tech Support?
These tech companies are sitting on so much cash, I'm shocked that enterprising attorneys aren't pounding away with suit after suit covering every possible EEO angle.
"I don't need no stinkin' VISA" I got mine from Bank of America even though I used a fake SS#, fake name, and have no intention of ever paying these a-holes a penny! LOL from the Rio Grande!!!