IBM put its money where its mouth is this week and said it would spend $40 million over the next three years to hire 200 lab staffers and build an advanced technology laboratory in Russia.
The move is part of what IBM CEO Sam Palmisano calls a “globally integrated enterprise” where money and resources are used to grow new technology and business regardless of location across the globe. Palmisano said recently that large multinational corporations such as IBM, General Motors, Ford and others need to stop treating foreign countries as colonies, keeping the good stuff at home and offshoring the junk to the remote outposts where labor is cheap.
Read more.
