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.