Hi, If you check e-week you'll see that BOA and other banks were recently the target of a theft ring. About 300,000 persons had their banking information stolen because of computer systems being compromised.
I don't think CEO pay amount is the problem so much as their remuneration being tied to quarterly stock performance rather than longer term growth. I was a member of the Board of Directors of the Programmers Guild but resigned as an officer because I felt the PG's focus was too narrow. As a member of the Communications Workers of America, Local 1701, I recently tried to persuade some fellow programmers at a bank that they should unionize and am now unemployed. I sympathize with the H1B programmer as an individual being under paid but don't sympathize with the h1b program or off shoring. At this point I'm trying to gain admission to an MBA program and abandon I.T. as an in the trenches technical person. Did reasonably well on my GMAT this past weekend. Paul Hanrahan -----Original Message----- From: IBM Mainframe Discussion List [mailto:[EMAIL PROTECTED] On Behalf Of Robert Justice Sent: Sunday, May 29, 2005 7:40 PM To: IBM-MAIN@BAMA.UA.EDU Subject: Re: More Hype for the B1 visas? Unfortunate, but why should people get into a career path where corporate america is continuing to send their jobs overseas. We need a president that says no more H1B visa's or the like, no more sending american jobs offshore, and all jobs sent overseas during the last 24 years will immediately be brought back home, and corporate america will start paying its employees a decent wage. . Don't even bother telling me about poor little corporate america not being able to compete in a global market when they pay their ceos reidiculous amounts of money. Something's wrong in Denmark when the ceo of a company makes more money than the president of the United States. . "Bank of America Corp. paid its chief executive, Kenneth D. Lewis, $20 million last year as the bank struck a high-profile deal to acquire New England's biggest bank. The pay package, slightly less than Lewis's compensation in 2002, comes as Bank of America eliminates 12,500 jobs nationally as it merges with FleetBoston Financial Corp.. In 2003, the bank said, Lewis received a $1.5 million salary, a $5.4 million bonus, options worth $2.2 million, $10.8 million of restricted stock, and $149,000 of other compensation. The sum includes perks like picking up the $21,000 tab for security at Lewis's house. Though Lewis's $20 million pay sounds high, it is actually in line with the pay of other top executives, said Tony Plath, a professor at the University of North Carolina at Charlotte. Citigroup's chief executive, Sanford Weill, made $44.6 million last year, while the chief executives of Wells Fargo & Co. and Wachovia Corp. made around $16 million and $17 million, respectively. Poor little corporate America, can't compete in a global market, they can only give their ceo $20 million. period. end of comment. ----- Original Message ----- From: "Ed Gould" <[EMAIL PROTECTED]> Newsgroups: bit.listserv.ibm-main To: <IBM-MAIN@BAMA.UA.EDU> Sent: Sunday, May 29, 2005 7:15 PM Subject: More Hype for the B1 visas? > Fewer students seek computer degrees > Detroit News Sat, 28 May 2005 11:43 PM PDT > The number of undergraduates signing up for computer degrees is > falling fast, making IBM Corp. and other tech companies worry that > there soon won't be enough skilled U.S. workers to meet demand. > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, send > email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO > Search the archives at http://bama.ua.edu/archives/ibm-main.html > ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
