Seattle: Microsoft’s India-born chief Satya Nadella has said that multinational companies need to give back to local communities and generate businesses for them to ensure long-term growth at a time when politicians from major countries are harping on nationalism. “Any company that just collects rent internationally will be in trouble,” Nadella told financial analysts at the company’s annual developers conference ‘Microsoft Build 2017’. The 49-year-old Indian-American CEO underscored the need of multinational companies to give it back to local communities and generate businesses locally. Nadella said companies must be able to show in terms of what they have done for that country. “In terms of local taxes, in terms of local small business productivity, local large business competitiveness, their educational outcomes, their entrepreneurial work, that’s what matters,” said the Microsoft CEO.

Source: Mint May 11, 2017 19:41 UTC