Linked by Thom Holwerda on Fri 8th Aug 2014 23:17 UTC
Legal

Four Silicon Valley companies including Apple and Google failed to persuade a U.S. judge to sign off on a $324.5 million settlement to resolve a lawsuit by tech workers, who accused the firms of conspiring to avoid poaching each other's employees.

In a ruling on Friday, U.S. District Judge Lucy Koh in San Jose, California, said the class action settlement was too low, given the strength of the case against the companies. Intel and Adobe were also part of the proposed deal.

Good on her.

I've said it before and I'll say it again: Eric Schmidt, Tim Cook, and the other criminals behind this crime belong in jail. If a poor member of a minority steals a wallet, he gets jail time. Rich CEOs steal hundreds of millions - and if you do the math, it actually comes down to billions - and they can get away with a paltry sum and walk free.

This is unfair and unjust. Eric Schmidt, Tim Cook, and the others are criminals. They belong in jail.

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RE: jail?
by RobG on Tue 12th Aug 2014 12:15 UTC in reply to "jail?"
RobG
Member since:
2012-10-17

While generally I agree, in cases like this there is a strong need for a deterrent effect - almost no corporate criminal is ever convicted, the fines are paltry in comparison to their assets and this all results in this kind of behaviour carrying on, to the expense of their employees and society as a whole (having their wages frozen will have acted to keep IT wages generally restrained).

If these folks were actually afraid of having to face 6 months time, along with full recompense and a hefty (proportionate to income) fine, others may think twice.

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