“Six companies led by Google Inc. and Apple Inc. are negotiating an agreement with the U.S. Justice Department to end practices that limit hiring of each other’s employees, according to people familiar with the emerging accord,” Sara Forden and Jeff Bliss report for Bloomberg.
“Intel Corp., Adobe Systems Inc., Walt Disney Co.’s Pixar animation unit and Intuit Inc. also are in the talks that would halt agreements under which companies refrained from placing “cold calls” to lure workers, said the people who asked not to be identified discussing the proposal,” Forden and Bliss report. “Such unsolicited calls had proved to be successful recruiting tools, one of the people said.”
Forden and Bliss report, “The agreement, which may be completed and announced as early as today, would conclude an antitrust investigation into recruiting and hiring practices that involved some of the biggest U.S. technology companies. Spokesmen for Microsoft Corp. and International Business Machines Corp. said last week that they were no longer part of the investigation.”
Read more in the full article here.
Do any of you realize that on Friday, September 25, 2009, Apple closed at $182.37? Today they closed at $292.32! That is a nice increase.
@ the Other Steve
Quite correct. Companies think this is a good way to keep their talent.
However this backfires in many ways. One, employees feel trapped and are not motivated to excel. Two, companies fail to evolve because the work force stagnates and new ideas are not brought in.
What a lot of people don’t understand is that government regulations like this are designed to prevent companies from stifling innovation. We all think gov’t prevent development by restricting the power of corporations but often the corporations themselves are trying to restrict development to maintain their power.
@ the Other Steve
Quite correct. Companies think this is a good way to keep their talent.
However this backfires in many ways. One, employees feel trapped and are not motivated to excel. Two, companies fail to evolve because the work force stagnates and new ideas are not brought in.
What a lot of people don’t understand is that government regulations like this are designed to prevent companies from stifling innovation. We all think gov’t prevent development by restricting the power of corporations but often the corporations themselves are trying to restrict development to maintain their power.
IBM and microsoft are not part of it because they’ve already lost their best staff
IBM and microsoft are not part of it because they’ve already lost their best staff
From AP –
“Amy Lambert, Associate General Counsel for Google, posted on Google’s official Public Policy blog that “there’s no evidence that [Google’s] policy hindered hiring or affected wages.”
Apple and Pixar were smart and did not respond to the AP’s requests for comments.
Better to keep your mouth shut and have everyone think you are evil than to open it and remove all doubt.
From AP –
“Amy Lambert, Associate General Counsel for Google, posted on Google’s official Public Policy blog that “there’s no evidence that [Google’s] policy hindered hiring or affected wages.”
Apple and Pixar were smart and did not respond to the AP’s requests for comments.
Better to keep your mouth shut and have everyone think you are evil than to open it and remove all doubt.
I’m waiting for my 1-900 call.
I’m waiting for my 1-900 call.
How are these no poaching deals any different than what is done in professional sports. Were 1 team can’t just call up your best player and offer them a pay and perk increase and steal them away. Maybe they need to have salary caps, trades and a draft for top talent. A salary cap would be nesisary or the cost of technology could spiral out of control.
How are these no poaching deals any different than what is done in professional sports. Were 1 team can’t just call up your best player and offer them a pay and perk increase and steal them away. Maybe they need to have salary caps, trades and a draft for top talent. A salary cap would be nesisary or the cost of technology could spiral out of control.
Maybe Intuit can get some programmers to make mac software now.
Maybe Intuit can get some programmers to make mac software now.