Chairman of HP, Mark Hurd, claims that Americans are getting too dumb to work for his company, and that it is impossible to find foreigners who want to work in the Land of the Free these days.

Speaking at an event at Castilleja, a private girls school in Palo Alto, where his daughter attends, Hurd said that technical research in the U.S. was pants. He said all the technology talent is in Asia and that is where the companies are having to move.

Only 40 percent of HP's 40,000 engineers are now based in the U.S., where it had previously employed about two-thirds of its engineering force domestically, he said. He said that HP can't keep engineers in the country even after they've graduated from U.S. Universities such as Stanford.

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