Offshoring or BOHICA are better words.
They are HQ in New York, that might explain a lot.
This is going on in every industry. The cost pressures are enormous, especially in the Obama Great recession.
I believe in the next few months IBM may possibly be selling off some of it’s divisions, perhaps to foreign entities. I have already informed my boss that I will not be training any foreigners, not again.
American investors should love the idea of their financial information being offshored! /s
“Lower Cost Centers”
Translation: Update your resumes.
Translation: Learn Hindi and Urdu.
SOB not taking a pay cut.
Morgan Stanley CEO’s Pay Rises 25%
Gorman receives $22.5 million compensation package for work in 2014
Mr. Gorman had received $18 million for his 2013 performance and $9.75 million after the firm posted a 2012 loss.