The threat of a class action suit by techies of silicon valley against companies like google, apple, intel etc etc has got these companies scrambling for settlements. The issue is the "No poaching policy" (NPP) informally agreed to between these companies. The complainants are arguing that the NPP has reduced their earning capacity.
In that event then non-compete clauses keep prices high - so shouldnt consumers file a class action suit against all companies that have this in their various contracts for refund and damages?
When we are at this the very idea of patents/ copyrights is again non-competitive and hence to be sued till the cows come home!!
Whatever the reasoning it is obvious that the counsel of these tech giants is either incompetent OR is corrupt in the sense they have scared the companies sufficiently to bring them to the settlement table all in the quest of some fat fees!! If there is a real "threat" of this going to court then it doesnt talk too well of the quality of the Judges IF there is a feeling that they will even consider admitting such a case in court.
Now coming back to these "employees" - if you think you are worth more than the already bloated salaries that you are getting - go and set up your own company and get what you rightfully deserve.
The news article can be accessed here at http://dealbook.nytimes.com/2014/04/07/tech-firms-may-find-no-poaching-pacts-costly/?_php=true&_type=blogs&_r=0
In that event then non-compete clauses keep prices high - so shouldnt consumers file a class action suit against all companies that have this in their various contracts for refund and damages?
When we are at this the very idea of patents/ copyrights is again non-competitive and hence to be sued till the cows come home!!
Whatever the reasoning it is obvious that the counsel of these tech giants is either incompetent OR is corrupt in the sense they have scared the companies sufficiently to bring them to the settlement table all in the quest of some fat fees!! If there is a real "threat" of this going to court then it doesnt talk too well of the quality of the Judges IF there is a feeling that they will even consider admitting such a case in court.
Now coming back to these "employees" - if you think you are worth more than the already bloated salaries that you are getting - go and set up your own company and get what you rightfully deserve.
The news article can be accessed here at http://dealbook.nytimes.com/2014/04/07/tech-firms-may-find-no-poaching-pacts-costly/?_php=true&_type=blogs&_r=0
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