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Greg Siskind on Immigration Law and Policy

IMMIGRANT OF THE DAY: INDRA NOOYI - CEO

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Well, yesterday I blogged about Muhtar Kent, the new CEO of Coca Cola. So it's only fair that I follow up with Indra Nooyi, the new CEO of Pepsi Cola. Ms. Nooyi, a native of India, is ranked fifth on Forbes Magazine's list of The World's 100 Most Powerful Women. Time Magazine also has included her in its 2007 list of the most influential people in the world. Ms. Nooyi is another foreign student success story having entered the country to pursue an MBA at Yale University back in the 1970s.

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  1. USC's Avatar
    When I saw the bit about CEO week I thought that you had set yourself something of a challege. However, it appears that there are 15 Foreign CEOs in the Fortune 100 alone. I see that another poster has already provided a link to the NYT story containing a list of the names. So, you still have a challenge; not of finding 7 names but one of selecting 7 out of 15!
  2. Another voice's Avatar
    This lady is a top of the line excec. she has done an amazing job at PEPSI and has made a lot of money for Investors and shareholders. GREAT IMMIGRANT!!!!
  3. Cheap 's Avatar


    She is another example of cheap labor. Being a CEO of a company like Pepsi she just makes $3.96 million a year compared to our own Dick Grasso who was making close to $200 million a year.

    http://finance.yahoo.com/q/pr?s=PEP

    http://en.wikipedia.org/wiki/Richard_Grasso

  4. lacrossegc's Avatar
    Cheap ....
    The less she makes, the more shareholders and employees benefit.
    As for the others i seriously doubt that they (for that matter anyone, with the exception of Warren Buffet) deserve such high pays.

    Consider that she is donating the rest of the pay to the rest of us and rejoice
  5. paskal's Avatar

    she is a long long time us citizen
    if she is working "cheap" there must be a real problem with the labor laws.
  6. Another voice's Avatar
    "She is another example of cheap labor. Being a CEO of a company like Pepsi she just makes $3.96 million a year compared to our own Dick Grasso who was making close to $200 million a year."

    Just because she does not get excesive compensation does not mean she is cheap labor in addition to that if you look at Yahoo finance she has not excersised any of her stock options another important part of a CEO compensation which is based on performance. Presisely to avoid scenarios like the Bob Nardceli's of the world(Ex-Home depot CEO $200 Million)or Grasso.
  7. Greg Siskind's Avatar
    Folks - I think Cheap was being facetious and did not want to be taken seriously.
  8. R. Lawson's Avatar
    This is the type of "cheap labor" we need. If the CEO wasn't paid hundreds of times the average worker's salary, perhaps they could lure more people into high tech occupations with more competitive wages.

    The risk takers (investors/shareholders) should be reaping the rewards for their risk, not spoiled CEOs who take no personal risk.
  9. b's Avatar
    "This is the type of "cheap labor" we need. If the CEO wasn't paid hundreds of times the average worker's salary, perhaps they could lure more people into high tech occupations with more competitive wages."

    Can we extend the same logic to the workers? Hard workers instead of brats arguing they would take the jobs if only paid the same salary as in IT bubble days.
  10. R. Lawson's Avatar
    "Can we extend the same logic to the workers?"

    I think the workers have seen their piece of the economy shrink quite enough. No, we can't extend this logic to workers. Why would we want to discourage people from seeking professions in technology, medicine, and engineering?

    Why would we want to discourage our students from becoming the next innovators?

    Don't believe the myth that everyone made a fortune prior to the bubble. I'm happy that the boom is over. Now we can focus on sustainable business models.
  11. b's Avatar
    The smart ones will continue to do science and math, for the love of it not money. They are the ones that innovate. Not the run of the mill students that decide to get in for money. Break through comes from dedicated effort beyond what can be motivated by money.
  12. R. Lawson's Avatar
    "The smart ones will continue to do science and math, for the love of it not money. "

    That isn't how capitalism works. That's how communism works (well, doesn't work actually). All work is noble, I know. But what I also know is that any plans to subsize the labor market in technology is going to harm our ability to attract the best and brightest.

    There are smart people out there who also want to make money. Based on your response, you probably have no children, no mortgage, no responsibilities beyond yourself, and probably very little life experience.

    Join the Peace Corp if you want to make a difference.
  13. EB's Avatar
    "any plans to subsize the labor market in technology is going to harm our ability to attract the best and brightest"

    Instead you would prefer Dick Durbin to subsidize you and "protect" your job. And that is not communism! No matter how many people try to take you out of your fantasy cuckoo land you aren't remotely in touch with reality. Because your illusory life is fantastic inside your cuckoo land.
  14. b's Avatar
    "That isn't how capitalism works."

    Lets see now: Who invented the transistor? Intel the IC maker??
    Who invented Internet?? Al Gore? Bill Gates??
    Who invented, WWW/HTML? Netscape??

    I think those 3 inventions covers the backbone of IT.
  15. R. Lawson's Avatar
    Did anyone counter what I said? I just see red-herrings - nothing related to what I said.

    I would prefer that Dick Durbin prevent fraud and abuse which is rampant in the H-1b program. Maybe we could get some real competition if the best and brightest were the ones getting the visas. Instead, it's a race to the bottom. Durbin/Grassley neuters the offshoring firms. That legislation actually helps legitimate H-1b sponsors.
  16. Sarc's Avatar
    "I would prefer that Dick Durbin prevent fraud and abuse which is rampant in the H-1b program. Maybe we could get some real competition if the best and brightest were the ones getting the visas."

    No one can object if this is the goal for initial H1B employment. Unfortunately what we saw this year was an attempt to impose recruiting provisions for H1B extensions and transfers i.e. for continuing employment. In effect this would reduce H1B portability and increase H1B lock-in because fewer employers would be willing to bear the regulatory cost this implies. And for long term H1B holders (beyond 6 or 9 years), this process would have to be repeated every year since extensions beyond 6 (in some cases 9) years are granted in 1 year increments.

    If you look at the data put out by USCIS, it shows that H1B workers filing for continuing employment are making much more money than those filing for initial employment. Ironically, while trying to add other protections for US workers, Durbin's provisions would have compromised an important element that is providing protection for all workers by reducing lock-in.

  17. Legal and no longer waiting's Avatar
    "I would prefer that Dick Durbin prevent fraud and abuse which is rampant in the H-1b program."

    You have a very imaginative mind, Roy.
  18. A's Avatar
    "it's a race to the bottom. "

    If you are at the top of the value chain why care about those H1B at the bottom of the value chain.


  19. b's Avatar
    Roy wants to take away citizenship from those with IQ below average every 30yrs to race to the top.
  20. B's Avatar
    "If you are at the top of the value chain why care about those H1B at the bottom of the value chain. "


    PG is full of people who dont want to accept any change in the life. These guys want to blame someone else for their inability to accept the change. These guys claim to be bright and have so much experience , if that is the case why one would want to do the job an entry level programmer can do with much less experience than these vetarans have?

    Bunch of losers, thats what I can say ...
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