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The Techtopus: How Silicon Valley's most celebrated CEOs conspired to drive down 100,000 tech engineers' wages


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2018 Sep 18, 7:58pm   3,431 views  19 comments

by RWSGFY   ➕follow (4)   💰tip   ignore  

In early 2005, as demand for Silicon Valley engineers began booming, Apple's Steve Jobs sealed a secret and illegal pact with Google's Eric Schmidt to artificially push their workers wages lower by agreeing not to recruit each other's employees, sharing wage scale information, and punishing violators. On February 27, 2005, Bill Campbell, a member of Apple's board of directors and senior advisor to Google, emailed Jobs to confirm that Eric Schmidt "got directly involved and firmly stopped all efforts to recruit anyone from Apple."

Later that year, Schmidt instructed his Sr VP for Business Operation Shona Brown to keep the pact a secret and only share information "verbally, since I don't want to create a paper trail over which we can be sued later?"

https://pando.com/2014/01/23/the-techtopus-how-silicon-valleys-most-celebrated-ceos-conspired-to-drive-down-100000-tech-engineers-wages/

Comments 1 - 19 of 19        Search these comments

1   RWSGFY   2018 Sep 18, 7:58pm  

#fuckingthieves
2   🎂 Rin   2018 Sep 18, 8:01pm  

If I were a young man again, my response is ... FUCK YOU, I'm going to medical school, where my wages are guaranteed for life!
3   FortWayne   2018 Sep 18, 8:06pm  

This was news few years back.

Nothing changed. Liberal elites own all the fools.
4   RWSGFY   2018 Sep 18, 8:43pm  

FortWayne says
This was news few years back.


How about this:

"....a class action lawsuit filed on behalf of over 100,000 tech employees whose wages were artificially lowered — an estimated $9 billion effectively stolen by the high-flying companies from their workers to pad company earnings — in the second half of the 2000s. Last week, the 9th Circuit Court of Appeals denied attempts by Apple, Google, Intel, and Adobe to have the lawsuit tossed, and gave final approval for the class action suit to go forward. A jury trial date has been set for May 27 in San Jose, before US District Court judge Lucy Koh, who presided over the Samsung-Apple patent suit.

In a related but separate investigation and ongoing suit, eBay and its former CEO Meg Whitman, now CEO of HP, are being sued by both the federal government and the state of California for arranging a similar, secret wage-theft agreement with Intuit (and possibly Google as well) during the same period."
5   MisdemeanorRebel   2018 Sep 18, 10:52pm  

Would be great if Dept of Labor got involved and demanded and reviewed records from the time, made them available.

Wasn't Obama President 2009-2016? He didn't want to help America's Workers?
6   RWSGFY   2018 Sep 18, 11:36pm  

TwoScoopsOfSpaceForce says
Would be great if Dept of Labor got involved and demanded and reviewed records from the time, made them available.

Wasn't Obama President 2009-2016? He didn't want to help America's Workers?


"These secret conversations and agreements between some of the biggest names in Silicon Valley were first exposed in a Department of Justice antitrust investigation launched by the Obama Administration in 2010. That DOJ suit became the basis of a class action lawsuit filed on behalf of over 100,000 tech employees whose wages were artificially lowered — an estimated $9 billion effectively stolen by the high-flying companies from their workers to pad company earnings — in the second half of the 2000s."
7   FortWayne   2018 Sep 19, 8:42am  

Then Obama became bff with google execs, and the matter was dropped.

DASKAA says
TwoScoopsOfSpaceForce says
Would be great if Dept of Labor got involved and demanded and reviewed records from the time, made them available.

Wasn't Obama President 2009-2016? He didn't want to help America's Workers?


"These secret conversations and agreements between some of the biggest names in Silicon Valley were first exposed in a Department of Justice antitrust investigation launched by the Obama Administration in 2010. That DOJ suit became the basis of a class action lawsuit filed on behalf of over 100,000 tech employees whose wages were artificially lowered — an estimated $9 billion effectively stolen by the high-flying companies from their workers to pad company earnings — in the second half of the 2000s."
8   LeonDurham   2018 Sep 19, 1:59pm  

TwoScoopsOfSpaceForce says
Wasn't Obama President 2009-2016? He didn't want to help America's Workers?
DASKAA says
"These secret conversations and agreements between some of the biggest names in Silicon Valley were first exposed in a Department of Justice antitrust investigation launched by the Obama Administration in 2010. That DOJ suit became the basis of a class action lawsuit filed on behalf of over 100,000 tech employees whose wages were artificially lowered — an estimated $9 billion effectively stolen by the high-flying companies from their workers to pad company earnings — in the second half of the 2000s."



hahahahahahaha.
9   MisdemeanorRebel   2018 Sep 19, 2:59pm  

LeonDurham says
hahahahahahaha.

10
 



jazz_music
 
ignore (4)   2018 Sep 19, 2:52pm   ↑ like (0) ...


What happened to that Investigation, Mr. Fun?
10   MisdemeanorRebel   2018 Sep 19, 3:00pm  

LeonDurham says
TwoScoopsOfSpaceForce says
Wasn't Obama President 2009-2016? He didn't want to help America's Workers?
DASKAA says
"These secret conversations and agreements between some of the biggest names in Silicon Valley were first exposed in a Department of Justice antitrust investigation launched by the Obama Administration in 2010. That DOJ suit became the basis of a class action lawsuit filed on behalf of over 100,000 tech employees whose wages were artificially lowered — an estimated $9 billion effectively stolen by the high-flying companies from their workers to pad company earnings — in the second half of the 2000s."



hahahahahahaha.


So, what was the outcome of Obama's Antitrust investigation? What penalties did Big Tech pay the State?

hahahahahaha

What a Fake he was.
11   clambo   2018 Sep 19, 3:10pm  

Carly Fiorina was worse; when HP acquired Compaq she had American IT guys fired and hired guys from India with H1-B visas.

Any American worker who supports the influx of vast numbers for foreign workers is a fool.

It's in all industries now; in the back pages of medical magazines hospitals have ads hiring MDs and they indicate "will assist in the H1-B applications" of candidates. So now hospitals are trying to get doctors from other countries on the cheap.

What you will probably not see is law firms bringing in H1-B scabs. But there is already one guy in CA who is an illegal who is a lawyer so who knows?
12   RC2006   2018 Sep 19, 3:20pm  

Both parties are involved in this and the law makers and CEOs that are tied to it all should be swinging from trees.
13   LeonDurham   2018 Sep 19, 3:22pm  

TwoScoopsOfSpaceForce says
So, what was the outcome of Obama's Antitrust investigation? What penalties did Big Tech pay the State?


The outcome was detailed in the same post. It became the basis for a class action suit that was settled for roughly half a billion dollars.
14   RWSGFY   2018 Sep 19, 11:36pm  

jazz_music says
DASKAA says
Department of Justice antitrust investigation launched by the Obama Administration in 2010

But what about Hillary?

Show us another hateful picture of Hillary, the more wealth Trump forks over to the top percent, the more people's lives are sacrificed for the top percent, the more we can't get enough of this Hillary and Obama shit.

Fox News, talk radio gives us opinions that make us feel smart, sound worldly and act authoritarian too. --just as if we came across these gems because we read a lot. Heheheh


Wut?
15   MisdemeanorRebel   2018 Sep 20, 12:08pm  

LeonDurham says
The outcome was detailed in the same post. It became the basis for a class action suit that was settled for roughly half a billion dollars.


A basis for a class action suit != Government Action.

One is a civil tort, the other is regulatory and/or criminal law enforcement

What did OBAMA do? Did they fine or imprison people under the Labor Laws?
16   LeonDurham   2018 Sep 20, 12:10pm  

TwoScoopsOfSpaceForce says

A basis for a class action suit != Government Action.

What did OBAMA do? Did they fine or imprison people under the Labor Laws?


He sicced the Justice Dept on them and had them perform the investigation which uncovered the evidence that allowed the lawsuit to succeed.
17   MisdemeanorRebel   2018 Sep 20, 1:19pm  

LeonDurham says
He sicced the Justice Dept on them and had them perform the investigation which uncovered the evidence that allowed the lawsuit to succeed.



They also violated multiple federal laws, why didn't Obama's DOJ fine them?

Does the State/Local Gov not prosecute murderers because the family sues them for wrongful death? "Oh, well, we gave them all the results of our homicide investigation, the sued and won, so we don't need to file murder charges against the perp"


https://www.opensecrets.org/pacs/lookup2.php?strID=C00428623&cycle=2012

https://www.opensecrets.org/pres12/contrib.php?id=N00009638
https://www.opensecrets.org/parties/contrib.php?cycle=2012&cmte=DNC>
18   LeonDurham   2018 Sep 20, 1:36pm  

TwoScoopsOfSpaceForce says
Does the State/Local Gov not prosecute murderers because the family sues them for wrongful death? "Oh, well, we gave them all the results of our homicide investigation, the sued and won, so we don't need to file murder charges against the perp"


So you're comparing a non-poach agreement to murder then? Is that right?
19   LeonDurham   2018 Sep 20, 1:44pm  

TwoScoopsOfSpaceForce says
They also violated multiple federal laws, why didn't Obama's DOJ fine them?


But if you really want to understand, you should do some research into this issue. Before the Obama DOJ put out their guidance in 2016, it wasn't even clear that such agreements were illegal. Here's an article you can start with:

https://www.law.com/njlawjournal/2018/08/16/no-poach-agreements-are-targeted-by-government-employees-and-legislators/?slreturn=20180820164007

"In October 2016, the DOJ and FTC issued the Antitrust Guidance for Human Resource Professionals (“Guidance”) (Oct. 20, 2016) (https://www.justice.gov/atr/file/903511/download) stating that agreements between companies to either prevent hiring from their respective workforces, or set artificial limitations on employee wages, would be subject to criminal prosecution if such agreements are not reasonably tied to a larger, legitimate collaboration between the companies."

The Obama Administration was the first to announce that such violations would be criminally prosecuted.

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