A new report from the Partnership for a New American Economy found more than 40 percent of Fortune 500 companies were founded by immigrants or their children. Eighteen percent (or 90) of the 500 companies had immigrant founders. The children of immigrants started another 114 companies. (A copy of the report can be found here.)Via a little bit of this, a little bit of that, a little more of...
One reason these figures are remarkable is that, according to the report, the foreign-born population of the United States has averaged 10.5 percent since 1850...
The report also notes, "Many of America’s greatest brands – Apple, Google, AT&T Budweiser, Colgate, eBay, General Electric, IBM, and McDonalds to name just a few – owe their origin to a founder who was an immigrant or the child of an immigrant.”
The list accompanying the research carries some surprising information, Steve Jobs, the famous co-founder of Apple, is a child of an immigrant parent from Syria. Walt Disney also was the child of an immigrant (from Canada), as well as the founders of Oracle (Russia and Iran). IBM (Germany), Clorox (Ireland), Boeing (Germany) 3M (Canada) and Home Depot (Russia).
11 June 2012
Regarding immigration policies
An interesting observation from an editorial in Forbes magazine last year: