Source:informationweek.com
Money talks and, we are learning painfully, money also walks—particularly away from environments that are increasingly hostile to the businesses based there. And so it is that Cisco CEO John Chambers deserves a lot of credit for trying to warn U.S. lawmakers that the hostile business environment they've created here will continue to force other corporate leaders to invest where they'll get the best return—and that will most assuredly not be in the U.S. of A.
Cash-rich Cisco Systems is sequestering $40 billion of its cash outside of the U.S. and away from our brutally high tax rates to use for investments and acquisitions and hiring, while keeping only one-fifth that amount—$8 billion—inside the U.S. for acquisitions and stock buy-backs. And the trend will only get worse as Cisco generated $3 billion more in cash during its most-recent quarter—and understandably wants to invest that treasure as wisely as it can.
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