We don't know about you, but we think that the ideal thing for companies under siege at present is to increase their cost base to build reputation points with Washington in the hopes that they will be able to jump in line when the time for the next food drop comes along- it's getting really old fighting to get around that old guy with the cane every time the government cheese is dropped.
Student loan company Sallie Mae plans to move its overseas operations back to the United States, creating 2,000 domestic jobs, in what analysts called an attempt to curry favor with the Obama administration.
SLM Corp, as the company is legally known, said on Monday it plans to add staff over the next 18 months in call centers, information technology and operations support across the United States. A spokeswoman said the company will pull jobs from India, Mexico and the Philippines.
Sallie Mae to shift 2,000 jobs to U.S. from overseas [Reuters]