Horrible Bosses – The Silicon Valley Edition

The AP story popped up on my radar over the weekend…”Suit Claims Silicon Valley Scheme”…”Google, Intel, Adobe, Intuit, Lucasfilm, Pixar and Apple accused of anti-poaching conspiracy.”

Workers for some of the biggest names in Silicon Valley filed a lawsuit in Federal Court claiming senior execs were able to keep employee wages artificially low by preventing bidding wars for their services. In other words, these workers were not receiving recruiting cold-calls inquiring as to if they would be interested to move elsewhere, how much they might make to do so, etc.

The companies allegedly had agreements not to recruit employees away from each other, effectively locking workers up with no fear of them being poached.

The Justice Department was already aware of the issue, conducting an investigation a couple of years ago that resulted in a “settlement.” That’s in quotes because there are scant details about what that meant in this instance.

There will be plenty of detail this time around, especially if the plaintiffs succeed in turning this into a class-action affair.

Considering the wages these folks command and what they might have received in positions never opened to them…even these giants of industry will need to locate and empty some piggy banks to compensate.

From a creative writing standpoint, it is impossible to ignore the irony during all of this Apple was headed by Steve…Jobs. This jobs war will be fascinating to follow as it rolls out. Aside from the financial impact for both plaintiffs and defendants, it will likely serve as a cautionary tale for other industries that may be…or may be considering…using the same “strategy.”

Advertisements

About sportsattitudes

I'm Bruce. Born, raised and still outside the City of Brotherly Love. Managed (so far) to visit a dozen of our United States and Canada (twice). Addicted from birth to Television/Movies/Sports. Took three years of French and got credit for two of 'em.
This entry was posted in News and tagged , , , , , , , , . Bookmark the permalink.

2 Responses to Horrible Bosses – The Silicon Valley Edition

  1. Interesting. It doesn’t surprise me.
    Big businesses tend to stick together – and figure they people are too scared to protest.
    We’ll see what develops.
    You know what’s really weird around here? Teachers have to ask their principals permission before they can apply for a job at another school…and remember the principal is the one who gives the yearly teacher review ( and can determine who get recommended for raises / bonuses and decides who gets laid off and who stays. I can’t believe people tolerate that.
    But then again, I have trouble believing bosses depend on their workers to produce, but are so unfair to their workers

    Like

    • I have never heard of the “heads-up” requirement for teachers around here…and also find it hard to believe it is tolerated anywhere. For every teacher who is judged to be very talented, some principals would certainly look to get them as much money as they needed to keep them in-house. On the other hand, some would be so offended any teacher would be looking elsewhere they would punish them with bad reviews and less pay…as that old enemy the ego would trump common sense.

      Like

Your Thoughts?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s