How Top Corporations Are Secretly Navigating and Profiting from Shifting Immigration Policies—What They’re Not Telling You Could Change Your Next Investment Move
Western Union
Western Union CEO Devin McGranahan took an opportunity during a May earnings call to express support for comprehensive immigration reform. According to McGranahan, every “developed country in the world is dependent on inbound labor to sustain positive GDP growth,” given current birth rates.
In the short term, McGranahan said, most of the company’s customers are already in the United States. That means decreased “immigrant flow” would have a greater effect on its business in Latin America than North America. Instead, the larger issue for Western Union in North America is the possibility that people would be more reluctant to venture out in public to send money, McGranahan said.
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