X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
IBM asks sacked employees to go to India - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Feb 6, 2009

    IBM asks sacked employees to go to India

    IBM is offering a choice to the employees it recently laid off in North America - work in India, Russia and some other countries. It calls the program 'Project Match' and includes moving costs and visa assistance. Interestingly, the company says that the employees should be 'willing to work on local terms and conditions'. It is not clear if that is a euphemism for 'lower pay'. This initiative has not gone down well with Alliance@IBM, the unofficial union at the company. Its spokesman has said, "IBM not only is offshoring its work to low-cost countries, now IBM wants employees to offshore themselves."

    We believe this initiative highlights the compelling logic that the outsourcing model is based on. Despite the heartburn that it causes in the developed countries, it is simply too hard to ignore the value of a low-cost talent workforce reachable by modern communications.

    Buffett is at it again
    Warren Buffett has become an oasis of capital that fund starved companies all over the word are steadily marching to. After the American icon Harley Davidson, it is the turn of Swiss Re. As per the International Herald Tribune, the Zurich based reinsurer (it takes on insurance risk of other insurance companies) is all set to receive an infusion of US$ 2.6 bn from Berkshire Hathaway. Berkshire will buy 12% bonds convertible into shares at 25 francs after 3 years. While it is a tribute to Warren Buffett's achievement as a capital allocator, the development also indicates that the credit crisis is far from being over. Deutsche Bank's December quarter loss of US$ 6.2 bn highlights the fact.

    Satyam gets a new CEO
    The appointment of A.S. Murty as the new CEO of Satyam has evoked a mixed response. There are those who believe he has been a steadying influence for the company for 15 years. He has previously served as the chief delivery officer, head of HR and other business verticals. Others believe that he should not have been appointed given his proximity with Ramalinga Raju. Moreover, Mr. Murty sold 40,000 shares of the company in the days preceding Satyam's announcement of the Maytas deal.

    China not so hot
    There are tell tale signs that economic slowdown has hit China. And there is perhaps no better indicator of disposable income than the price of McDonalds. The company has sharply cut the prices of its offerings in the land of the dragon in a bid to stimulate demand. Others like KFC have also begun promotions for attracting the bargain hunters. This development shows, if not anything else, how economic problems that began in the US have affected patterns in buying and selling all over the globe.

     

     

    Equitymaster requests your view! Post a comment on "IBM asks sacked employees to go to India". Click here!

      
     

    More Views on News

    How to Ride Alongside India's Best Fund Managers (The 5 Minute Wrapup)

    Jun 10, 2017

    Forty Indian investing gurus, as worthy of imitation as the legendary Peter Lynch, can help you get rich in the stock market.

    Dear PM Modi, India is Already Land of Self-Employed, and It Ain't Working (Vivek Kaul's Diary)

    Aug 21, 2017

    Most Indians who cannot find jobs, look at becoming self-employed.

    The Key Factor Pushing Gold Up These Days (Outside View)

    Aug 21, 2017

    PersonalFN explains the chief factor pushing gold prices up of late.

    How Unique Are the Companies You Invest In? (The 5 Minute Wrapup)

    Aug 21, 2017

    One of the hallmarks of successful investing is to look out for companies that have a unique and enduring moat.

    You've Heard of Timeless Books... Ever Heard of Timeless Stocks? (The 5 Minute Wrapup)

    Aug 19, 2017

    Ever heard of Lindy Effect? Find out how you can use it to pick timeless stocks.

    More Views on News

    Most Popular

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    The Most Profitable Investment in the History of the World(Vivek Kaul's Diary)

    Aug 8, 2017

    'Yes, it looks like a bubble. And, yes, it's like buying a lottery ticket. But there's something happening that has never happened before. It's an evolutionary leap in money itself.'

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    Bitcoin Continues Stellar Rise(Chart Of The Day)

    Aug 10, 2017

    Bitcoin hits an all-time high, is there more upside left?

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    S&P BSE SENSEX


    Aug 21, 2017 (Close)

    MARKET STATS