InformationWeek
Business Innovation Powered By Technology
Powered by InformationWeek Business Technology Network
Topics:
Outsourcing
Should TARPfare Bums Be Allowed To Outsource?
My colleague Bob Evans and others have written about JP Morgan's plans to increase its use of India-based contractors by as much as 25%, partly to speed the integration of IT assets previously owned by Washington Mutual and Bear Stearns. "We would like to remind you that the taxpayers of the United States of America contributed $25 billion to your company to help stabilize our economy not send jobs overseas," Brady recently wrote to JP Morgan CEO Jamie Dimon. "There seems to be a disconnect between some major financial institutions and the suffering of the everyday people who are losing their jobs," said Brady. Brady's populist appeal makes sense, at first. Why should American taxpayers' dollars be used to hire workers in India? On the other hand, JP Morgan and its buddies on the corporate welfare line need to operate as efficiently, and cheaply, as possible if they're to get out of the crater-sized pit they've dug for themselves. TARP in a sense makes us all shareholders in the companies that received funds, and the inexpensive labor offered by India could lead us to a higher return on our investment. Before Congress acts rashly, and, say, hauls CIOs like JP Morgan's Guy Chiarello (himself no stranger to handouts) before a subcommittee and outlaws outsourcing by TARP recipients, it needs to weigh the real pros and cons of the issue. Government by sound bite is getting really old, really fast. What do you think? Should TARP recipients be allowed to outsource? « IT's Dark-Side Potential Seen In SmartGridCity Project | Main | President Highlights Renewable Energy In Call To Space » |
| Sign Up Now For InformationWeek News Alerts |
This is a public forum. United Business Media and its affiliates are not responsible for and do not control what is posted herein. United Business Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.
Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of United Business Media LLC and may be edited and republished in print or electronic format as outlined in United Business Media's Terms of Service.
Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
