The BBC has an
article about a non-poaching agreement:
Four of the world's biggest tech giants, Apple, Google, Intel, and Adobe, have agreed to a new settlement of over four hundred million dollars in an attempt to resolve a lawsuit that alleged the firms agreed not to poach staff from each other. It claimed the alleged agreement prevented workers from getting better job offers elsewhere.
The 2011 case had claimed three billion dollars in damages on behalf of more than sixty thousand workers at the four firms.
The latest attempt to settle the case for four hundred million dollars, which was filed in court on Thursday, comes after a US judge rejected a three hundred million dollars settlement offer last year. The judge had deemed that settlement offer too low.
If the companies had lost the case and damages were awarded, they could have tripled to some nine billion dollars under US antitrust laws. The lawsuit, which was based largely on emails between some executives of the tech firms, has been watched with much interest for details about the alleged pact.
According to some reports, one email exchange cited in the lawsuit shows Eric Schmidt, former chief executive of Google, telling Steve Jobs (photo), the former head of Apple, that a Google recruiter who solicited an Apple employee would be fired.
Rico says this was classic
Silicon Valley bad behavior...
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