March 24, 2009

Foreign Graduates Lose Job Offers Over Stimulus Rules

By Katherine Mangan

Seven months ago, Nazli Oguzsimsaroglu started her senior year at the University of Pennsylvania in the enviable position of having a full-time job in investment banking lined up after graduation.

But on March 2, a recruiter from the now-combined Merrill Lynch/Bank of America called to tell her the offer had been rescinded because of provisions in the nation’s economic stimulus package that make it difficult for bailout beneficiaries to hire foreign workers.

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