DOJ Settles With Tech Firms Over Hiring Practices
Sep 27, 2010, 15:04 (0 Talkback[s])
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"The Department of Justice has announced a settlement with
Adobe, Apple, Google, Intel, Intuit and Pixar over charges that the
Silicon Valley firms had an informal set of agreements not to hire
away each other's top talent.
"The settlement specifically prevents the six firms from
entering into any so-called no-solicitation agreements in hiring
"According to the DOJ's original complaint, the companies had an
understanding that kept them from directly soliciting each other's
employees. If true, the practice could have had the effect of
keeping wages and opportunities down because it would prevent the
kind of true competitive bidding for talent that would occur
without such backdoor agreements."