Increase the number of H1Bs for highly-skilled foreigners
The CTO should work with tech companies already promoting this idea to convince Congress to increase the number of H1B visas available annually for highly skilled foreigners. These individuals are coming to the U.S. for college, but are leaving because the government won't give them visas to stay and work at our high tech companies. American competitiveness was built with the help of highly-skilled foreigners (Einstein!), and now we're losing that edge because of backward immigration policies.
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debug commented
While there is a lot of unemployed Highly Skill American workers please cancel the H1b and limit the L1 visas. This will also have an effect of encouraging students to take up engineering and Computer Science degrees. Invest in our own talent and we will get payback in Information Technology.