🚀 go-pugleaf

neil@cs.hw.ac.uk (Neil Forsyth) writes:

>	"IBM has so many employees worldwide that if they were all in one
>	place and that place was called a country then it would be the fifth
>	largest country in the world."

>	"IBM has so much money in the bank that the interest alone can pay
>	those peoples wages such that they could stop making computers
>	tomorrow and still keep everyone in a job if they had a mind to."

China     = 1000M
India     =  866M
USA       =  252M              [CIS excluded - it's a collection of countries]
Indonesia =  193M
Brazil    =  155M

So, let's say IBM has at LEAST 156M employees.  (though I've probably
missed some other HUGE country somewhere, like Australia :-]) 

Now let's pay them all the EXTREMELY pitiful wage of $1600 per year.

Now, let's say we get 25% interest on IBM's cash in the bank.  Tell me
where I can do that well!!!

So, IBM must have 4*156000000*1600 dollars. ie. ONE ENGLISH BILLION DOLLARS,
just sitting in the bank.

>I dunno how true these statements are but even if there is some truth in them
>then I doubt that the financial loss will hurt them much.

No truth whatsoever.

>A friend of mine was told these 'facts' at his employee induction course with
>a clone manufacturer.

Tee hee, those clone manufacturers probably use the new 100000MHZ chip, too...


Here's an equivalent argument:
  "I heard Atari has $10,000,000,000,000,000.
   Even if that is only 0.001% true, that's $100,000,000,000,
   and let's face it, 0.001% is very much!"

--
Warwick
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