Cheap Labor Proves Expensive For Citibank
April 09, 2005, 12:23 AM
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Citibank has been among the 50 most popular searches for H-1b visa use for a while. Recently, it appears the outsourcing facilitated by their intensive use of H-1b and L-1 visas is having consequences. [Indian Call Center Employees Hack US Bank Accounts, Slashdot.com]

The question remains: are immigration intensive companies a good investment? Every indication is no. The SEC should start requiring all publicly traded companies to report their use of work-based visas (L-1/H-1B) immediately. Then we`d have the clear data to prove just how bad a financial decision these guest worker visas are.