How was company morale at that point?
We didn’t lose one person. When we restructured the company, we gave the midlevel and senior managers equity in the company so they had skin in the game. It wasn’t for the love of me. Some people say you’re the bad guys because you take jobs away from American and British employees. What do you say to those critics? It’s a global world. If you have a capitalist society you can’t pick and choose and say, “I will sell to these companies” but close my barriers in other ways. A big misnomer is that by moving jobs to a place that makes them more efficient and increases the maximum value is detrimental to the place where they come from. It creates more opportunity because the economies there do better. Fallout from the subprime mortgage is having a domino effect throughout the world. How has it affected Exl? Our role is only one of servicing these mortgages. We work with banks that issue mortgages, but as a company we have limited exposure to the subprime market. There are mortgages that sti
