Campaign 2010

Sep 14, 2010

NY-1: Long Island Republicans Nominate Outsourcing Pioneer Randy Altschuler

The fact that he’s an out of touch millionaire who is only out for himself surprisingly didn’t stop Randy Altschuler from securing the Republican party’s nomination in New York’s 1st Congressional district this evening.  Shamefully, while jobs are needed on Long Island, Randy Altschuler made a fortune sending American jobs overseas, and his record exemplifies everything that Long Island can’t afford. 

“It’s nothing short of shameful that Randy Altschuler got rich sending American jobs overseas,” said Shripal Shah, Regional Press Secretary for the Democratic Congressional Campaign Committee.  “It’s painfully clear that Randy Altschuler only cares about his bank account, not jobs on Long Island, and considering how much New York families are struggling right now, Suffolk County simply can’t afford Randy Altschuler’s anti-jobs agenda.”

BACKGROUND:

Millionaire Randy Altschuler was the founder and co-CEO of OfficeTiger, an Indian outsourcing company. In their Indian offices, Office Tiger paid “roughly a tenth” of what would be made for comparable work in the US. At its height, Altschuler’s outsourcing company had 10,000 employees in 9 countries, including Sri Lanka, India and the Philippines. In a 2003 interview with the Financial Times, Altschuler even said “In India you get a much higher standard of person doing assistant work.” [Financial News, 3/23/03] [New Yorker, 7/05/04; Rediff India Abroad, 9/14/06; Office Tiger Documentary; www.officetiger.com, archived 10/20/06; Financial News, 3/23/03]

Randy is a multi-millionaire. According to the Personal Financial Disclosure form he filed in June 2010, his assets were valued between $9.5 and $30.4 million. Altschuler and his wife earned hundreds of thousands of dollars just in income from their investments for the past several years. [Altschuler 2009 and 2010 Personal Financial Disclosure Forms]