Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts
Thursday, November 17, 2016
Monday, January 21, 2013
US employee 'outsourced job to China'
A security check on a US company has reportedly revealed one of its staff was outsourcing his work to China.
He reportedly paid just a fifth of his six-figure salary to a company based in Shenyang to do his job.
Operator Verizon says the scam came to light after the US firm asked it for an audit, suspecting a security breach.
According to Andrew Valentine, of Verizon, the infrastructure company requested the operator's risk team last year to investigate some anomalous activity on its virtual private network (VPN) logs...
The employee, an "inoffensive and quiet" but talented man versed in several programming languages, "spent less than one fifth of his six-figure salary for a Chinese firm to do his job for him", Mr Valentine said.
"Authentication was no problem. He physically FedExed his RSA [security] token to China so that the third-party contractor could log-in under his credentials during the workday. It would appear that he was working an average nine-to-five work day," he added.
"Evidence even suggested he had the same scam going across multiple companies in the area. All told, it looked like he earned several hundred thousand dollars a year, and only had to pay the Chinese consulting firm about $50,000 (£31,270) annually."
The employee no longer worked at the firm, Mr Valentine said.
Link:
Thursday, January 12, 2012
Creative Destruction: When Mitt Romney Came to Town - Full Video
Mitt Romney. Was he a job creator or a corporate raider?
That's the question this film answers.
And it’s not pretty.
Mitt Romney was not a capitalist during his reign at Bain. He was a predatory corporate raider. His firm didn't seek to create value. Instead, like a scavenger, Romney looked for businesses he could pick apart. Indeed, he represented the worst possible kind of predator, operating within the law but well outside the bounds of what most real capitalists consider ethical.
He is exhibit number one the left wants to use in the coming election to give capitalism a bad name.
He and his friends at Bain were bad guys. Any real capitalists should disavow Romney's ‘creative destruction’ model that made him wealthy at the expense of thousands of American jobs.
Mitt Romney and his cronies pioneered ‘deindustrialization,’ a process by which they searched out vulnerable companies, took them over, loaded them with debt, and collected obscene fees while doing so. He sent jobs overseas or killed them altogether, and then picked apart the remains - including pension funds - before the companies went bankrupt.
Some might call that the free market. Most of us think its just plain wrong.
If you wonder why America has lost so many manufacturing jobs overseas, look no further than Mitt Romney – the King of Bain.
Think you know Mitt?
Think again . . .
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