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Report: BofA rescinding job offers to MBA students
Triangle Business Journal (Raleigh-Durham) ^ | Monday, March 9, 2009, 10:34am EDT | Triangle Business Journal

Posted on 03/09/2009 8:42:25 AM PDT by meadsjn

Report: BofA rescinding job offers to MBA students


Triangle Business Journal

Report: BofA rescinding job offers to MBA students

Bank of America Corp. is starting to withdraw offers to some MBA students set to graduate from U.S. business schools this year, the Financial Times reported Monday.

The move would affect foreign nationals attending business school in the United States. The $787 billion stimulus package prevents financial institutions like Bank of America (NYSE:BAC) that receive TARP money from applying for H1-B visas for highly skilled immigrants if they have recently laid off U.S. workers, the paper reported.
The move should affect no more than 50 graduates, but it is worrying business schools, the Financial Times said.

“There might be an inclination for people from around the world to vote with their feet (and avoid US business schools),” David Schmittlein, dean of MIT’s Sloan school of management in Boston, told the paper.


TOPICS: Business/Economy
KEYWORDS: business; economy
It is just a start, but this is good news for the US economy. Over $500 Billion per year is being paid to foreigners on work visas, subsidized by US taxpayers whose incomes have already been depressed by this moronic practice.
1 posted on 03/09/2009 8:42:25 AM PDT by meadsjn
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To: meadsjn

What a concept, American companies hiring Americans!


2 posted on 03/09/2009 8:44:22 AM PDT by veracious
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To: meadsjn

Yep. Laid off? Go back to school and train for a new job. Then watch that job go to somebody from India, and work at Walmart.


3 posted on 03/09/2009 8:44:52 AM PDT by tvdog12345
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To: veracious

As a shareholder, I don’t care what ethnicity they are. I just want them to be the best people BofA can hire so that they can start to turn around BofA’s dreadful performance.


4 posted on 03/09/2009 8:55:40 AM PDT by VA_Gentleman (Witty tagline omitted.)
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To: meadsjn
Bank of America with the Loans and credit cards to Illegals who cares what happens to them.
5 posted on 03/09/2009 9:00:37 AM PDT by Cheetahcat (Osamabama the Wright kind of Racist!)
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To: veracious

Especially since they are asking Americans for a bailout. The injustice to those banks :-)


6 posted on 03/09/2009 9:03:15 AM PDT by nameless-fool
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To: veracious

Its time for ALL Indians (like me), now U.S. citizens and people from other nationalities to stand up for America where they have made a good life for themselves.

After all, it is their U.S. born kids who will be left without jobs one of these days when that job moves to another country.

Plus what is wrong for standing up for the good of your country , the United States?


7 posted on 03/09/2009 9:04:18 AM PDT by indianyogi
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To: VA_Gentleman
As a shareholder, I don’t care what ethnicity they are. I just want them to be the best people BofA can hire so that they can start to turn around BofA’s dreadful performance.

To the contrary, BoA and most of the rest of corporate America got rid of the "best people" when they canned US citizens in favor of cheaper workers from the third world (less educated, less qualified, less inclined to care about the future of the company or the country). A faux MBA on top of a faux BS (six weeks of tech school) is not impressive.

Be honest: Are your stock holdings trending better or worse than they were ten or fifteen years ago?

8 posted on 03/09/2009 9:06:14 AM PDT by meadsjn (Socialists promote neighbors selling out their neighbors; Free Traitors promote just the opposite.)
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To: VA_Gentleman

Besides, BoA is up 14% so far — apparently investors overall don’t see this as a negative.


9 posted on 03/09/2009 9:13:37 AM PDT by meadsjn (Socialists promote neighbors selling out their neighbors; Free Traitors promote just the opposite.)
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To: meadsjn
The $787 billion stimulus package prevents financial institutions like Bank of America (NYSE:BAC) that receive TARP money from applying for H1-B visas for highly skilled immigrants if they have recently laid off U.S. workers, the paper reported.

Well...I'll be dipped. A bit of a silver lining that.

I'm flat-out amazed that this sort of language actually made it into the bill. Perhaps the Leftie Libs in congress will actually read these things more carefully in the future.

10 posted on 03/09/2009 9:15:53 AM PDT by Bloody Sam Roberts (Despite all my rage, I am still just a rat in a cage...)
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To: indianyogi
... what is wrong for standing up for the good of your country , the United States?

Thanks. That is the essence of the American dream.

11 posted on 03/09/2009 9:22:58 AM PDT by meadsjn (Socialists promote neighbors selling out their neighbors; Free Traitors promote just the opposite.)
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To: veracious

What a concept, American companies hiring Americans!”

What a concept, American companies hiring Americans WITH AMERICAN TAXPAYER MONEY.

Fixed.


12 posted on 03/09/2009 9:23:44 AM PDT by ridesthemiles
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To: Cheetahcat

Bank of America with the Loans and credit cards to Illegals who cares what happens to them.’

I agree fully.

Wells Fargo was 2nd to do those practices, I think.


13 posted on 03/09/2009 9:24:54 AM PDT by ridesthemiles
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To: meadsjn
The $787 billion stimulus package prevents financial institutions like Bank of America (NYSE:BAC) that receive TARP money from applying for H1-B visas for highly skilled immigrants if they have recently laid off U.S. workers, the paper reported.

So what's to stop them from simply offshoring those jobs?

14 posted on 03/09/2009 9:26:22 AM PDT by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: Bloody Sam Roberts
I'm flat-out amazed that this sort of language actually made it into the bill.

So am I. The Free Traitors apparently lapsed on their payments to some of the congress critters.

15 posted on 03/09/2009 9:29:40 AM PDT by meadsjn (Socialists promote neighbors selling out their neighbors; Free Traitors promote just the opposite.)
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To: indianyogi

I salute you. You are the kind of immigrant who helped build this country.


16 posted on 03/09/2009 9:37:35 AM PDT by AuntB (The right to vote in America: Blacks 1870; Women 1920; Native Americans 1925; Foreigners 2008)
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To: dfwgator
So what's to stop them from simply offshoring those jobs?

They already have, and that is why their whole company is in shambles.

BoA's growth model for more than a decade has been to buy up American banks, lay off the US employees, and replace them with cheap imported labor (in addition to their offshore workers).

17 posted on 03/09/2009 9:40:17 AM PDT by meadsjn (Socialists promote neighbors selling out their neighbors; Free Traitors promote just the opposite.)
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To: meadsjn

BofA is just like Citi; they are both in very big financial trouble!


18 posted on 03/09/2009 9:47:21 AM PDT by Ev Reeman
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To: meadsjn

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.


19 posted on 03/09/2009 9:48:50 AM PDT by VA_Gentleman (Witty tagline omitted.)
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To: VA_Gentleman
As a shareholder, I don’t care what ethnicity they are. I just want them to be the best people BofA can hire so that they can start to turn around BofA’s dreadful performance.

This isn't about ethnicity but legal Americans. Why are Americans so quick to sell out other Americans these days? We should be Americans first, employees or investors second. It's against human nature to sell out your own tribe, the team you are playing on, for a few pieces of silver.

20 posted on 03/09/2009 10:15:58 AM PDT by Reeses (Leftism is powered by the evil force of envy.)
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To: indianyogi

“Plus what is wrong for standing up for the good of your country , the United States?”

Thank-you, Thank-you, Thank-you.


21 posted on 03/09/2009 10:21:12 AM PDT by algernonpj (He who pays the piper . . .)
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To: Reeses

If they have an H1-B visa, they are here legally. It’s a publicly traded company and their primary responsibility is to its shareholders. I don’t care where someone is from, I just want them to be the best at their profession. If they’re not, then they are welcoming sub-par performance. As an investor, I’ll keep that in mind the next time I invest.


22 posted on 03/09/2009 10:25:27 AM PDT by VA_Gentleman (Witty tagline omitted.)
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To: VA_Gentleman
their primary responsibility is to its shareholders.

The responsibility of being an American should be above a job or investment. The cultural idea of being a citizen of the world rather than of a nation is against human nature.

23 posted on 03/09/2009 10:47:37 AM PDT by Reeses (Leftism is powered by the evil force of envy.)
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To: VA_Gentleman

As an American, I suggest you consider that this attitude is part of the destruction of Amercia. The worship of money is now enabling foreign control of our institutions, corporations and government officials. The _value_ of things should not be the price of them. Unfortunately, this won’t really become obvious to many, until it’s too late.


24 posted on 03/09/2009 11:08:55 AM PDT by veracious
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