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Exactly. It began at least a dozen years ago and the case lasted a long time: https://www.justice.gov/opa/pr/justice-department-requires-six-high-tech-compani
by stephenhuey 9y ago
Exactly. It began at least a dozen years ago and the case lasted a long time:
https://www.justice.gov/opa/pr/justice-department-requires-six-high-tech-companies-stop-entering-anticompetitive-employee https://www.justice.gov/opa/pr/justice-department-requires-s...
http://fortune.com/2015/09/03/koh-anti-poach-order/ http://fortune.com/2015/09/03/koh-anti-poach-order/
Most likely the $5K payout per employee was 5-10 times lower than what was lost by all the employees collectively. Maybe that's not true and the tech giants wouldn't have hired as many people but I think all those companies collectively could've easily afforded an extra $5 billion over that timespan. Perhaps they would've innovated even more! I expect the effects of this to last a lot longer.
Edit: I changed "nearly a dozen" to "at least a dozen"