Top Leaderboard, Site wide
Truthdig: Drilling Beneath the Headlines
April 29, 2017 Disclaimer: Please read.
x

Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.






Rebel Mother

Truthdig Bazaar
Stubborn Season

Stubborn Season

Lauren B. Davis
6.50

more items

 
Ear to the Ground
Email this item Print this item

Jobs and Schmidt’s ‘Gentlemen’s Agreement’ to Suppress Wages

Posted on Jan 25, 2014

berrytokyo (CC BY-SA 2.0)

Emails unveiled in federal court suggest Apple founder Steve Jobs and Google CEO Eric Schmidt made a secret and perhaps illegal pact not to hire each other’s workers and to keep salaries low.

RT reports:

According to Pando Daily journalist Mark Ames, the scheme began in early 2005, when the need for Silicon Valley engineers was at an all-time high. The deal’s consequences became so pervasive that the US Department of Justice launched an antitrust investigation in 2010, which laid the groundwork for a class action lawsuit filed on behalf of more than 100,000 Silicon Valley employees who allege they were deprived of over $9 billion since 2000.

The US 9th Circuit Court of Appeals refused to throw out the class action suit over the objections of executives at Apple, Google, Intel, and Adobe. The emails in question were unsealed Tuesday by Judge Lucy Koh, the same judge who presided over the Samsung-Apple patent lawsuit.

Jobs, who died in 2011, seems to be the principal architect behind the illegal conspiracy. Yet Schmidt, according to an email from Google senior advisor Bill Campbell dated February 27, 2005, “got directly involved and firmly stopped all efforts to recruit anyone from Apple.”

Schmidt is also said to have told his Senior Vice President for Business Operation Shona Brown to only mention the pact “verbally, since I don’t want to create a paper trail over which we can be sued later.”

—Posted by Alexander Reed Kelly.

Lockerdome Below Article
Get a book from one of our contributors in the Truthdig Bazaar.

Related Entries

Get truth delivered to
your inbox every day.



New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Join the conversation

Load Comments
Right Top, Site wide - Care2
 
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide

Like Truthdig on Facebook