Earlier this week I wrote about how Sugar Land really “scored” Schlumberger. In response to a completely ludicrous piece from HBJ, I detailed how it was easy to pursuade Schlumberger to relocate the rest of their Houston offices to their campus in Sugar Land. All Sugar Land really needed to do was bend over backwards and throw some money at them. Failing to perform an independent appraisal on the Schlumberger campus prior to approving a new tax abatement package was just icing on the cake for Sugar Land’s new BFF. For the thousands of Fort Bend County homeowners who have been buried by skyrocketing residential property tax bills, it was a complete and utter insult.
Today we learned that the corporate largesse bestowed on Schlumberger won’t be wasted. Oh no! After laying off 10,000 people, Schlumberger (incorporated in Willemstad Curacao for tax purposes) has a brilliant idea that will surely boost the year-end bonuses of the Schlumberger executive staff even if it does absolutely nothing for the organic growth of the company.
Update (January 24, 2016) It didn’t occur to me to look at Schlumberger’s prolific use of the H1B visa program, but thanks to a tip from another curious blogger we can see that Schlumberger just happens to be one of the most active H1B Visa sponsors in the Houston area. Apparently there are no qualified Americans currently living in Fort Bend County that Schlumberger could hire for all of those good-paying jobs. What is a good corporate citizen to do other than seek out the lowest cost labor source they can find and bypass the local labor pool in favor of a less expensive foreign import. In Sugar Land Texas you can even find compliant local government officials who will subsidize your activity with a property tax break.