3 ms·
Context: Steve Jobs, as well as Eric Schmidt at Google, and several other high ranking tech execs conspired to illegally fix wages lower by agreeing to not hire
by sneak 2y ago
Context: Steve Jobs, as well as Eric Schmidt at Google, and several other high ranking tech execs conspired to illegally fix wages lower by agreeing to not hire each others’ staff.
Billions of dollars were thus stolen from staff by these companies.
https://en.m.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.m.wikipedia.org/wiki/High-Tech_Employee_Antitrust...
> In June 2014, Judge Lucy Koh expressed concern that the settlement would not be a good one for the plaintiffs. Michael Devine, one of the plaintiffs, said the settlement was unjust. In a letter he wrote to the judge he said the settlement represented only one-tenth of the $3 billion in compensation the 64,000 workers could have made if the defendants had not colluded.
The companies got off with barely a slap on the wrist.