Martina Hund-Mejean
The voluntary program is really for the United States, so our U.S. based employees and we are not putting these programs just out because we want to blindly do some cost reductions. What we are really looking at is two things. One, of course, efficiency and how our operations are working, but two, really, reallocation of investments, be it what we are doing from a product business unit point of view within the United States or how we are supporting outside of the United States our various activities. As you know, more than 50% of our revenues are outside of the United States and by the way, they grow more than the revenues in the United States. So, there is a big reallocation theme of resources included in this.
Christopher Mammone - Deutsche Bank
Okay. Thanks Martina. For my follow-up, I know we''re all waiting the GAO report later this month. I''m just wondering, has the GAO approached you directly for input in the research process? Can you maybe put some, I mean, provide some color there?
Robert Selander
Yes, we''re all looking forward to the GAO report as well. I cannot tell you exactly what our involvement has been. I do know that we''ve provided commentary and beyond that, in terms of the follow-up, I''m not sitting here knowing about that, Chris. My sense, as I had indicated in the call a couple of quarters ago when this was first announced, is that the good news is this is going to sort of shed light on this area and I think will be good in terms of educating legislators and others on interchange.
Christopher Mammone - Deutsche Bank
Alright. Thanks, Bob.
Operator
I would now like to turn the call over to Bob Selander for any closing remarks.
Robert Selander
Thank you. In summary, we are very pleased with our strong third quarter performance and the progress we have demonstrated for all of our stakeholders. We remain focused on those things within our control, as a way to mitigate those that we can''t, particularly in light of the challenging economic environment. We believe the worst of the global economic downturn is behind us and there are certainly some encouraging signs from the latest statistics.
With that in mind, we are ensuring that we are well positioned for long-term growth, especially as the economic tide continues to turn. As I''ve said many times before, we remain committed to delivering long-term value for our shareholders. We operate a global and flexible business that will continue to benefit from the ongoing shift toward electronic payments, which consumers, businesses and governments find more efficient, secure and easier to manage.
Thanks for your time today.
Operator
This concludes the presentation and you may all now disconnect. Good day.
|
More:
