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Google, Yahoo!, Apple Targeted In DoJ Antitrust Probe
suraj.sun writes with this excerpt from the Washington Post:
"The Justice Department has launched an investigation into whether some of the nation's largest technology companies violated antitrust laws by negotiating the recruiting and hiring of one another's employees, according to two sources with knowledge of the review. The review, which is said to be in its preliminary stages, is focused on Google; its competitor Yahoo; Apple; and the biotech firm Genentech, among others, according to the sources, who spoke on condition of anonymity because the investigation is ongoing. The sources said the review includes other tech companies and is 'industry-wide.' By agreeing not to hire away top talent, the companies could be stifling competition and trying to maintain their market power unfairly, antitrust experts said. ... Obama's antitrust chief at the Justice Department, Christine Varney, has said she plans to look at the network effects of high-tech companies and how their grasp on markets has cut out competitors and hurt consumers."
Hopefully these actions will lead to the outlawing of vaguely wide-ranging NDAs which state that employees may not work for "competitors" for X years after leaving their companies.
Why would it? That has absolutely nothing to do with what this probe is about. Secondly, such non-compete contracts are already illegal in California which already covers Google, Apple, Yahoo! and Genetech already.
It seems to me like there's another angle on this, from the perspective of the affected employees, not the customers/competitors.
By forming a pact that keeps an employee at company A from getting a job at any other company in the cartel, doesn't that run afoul of federal fair labor laws?
Because they are not Microsoft. And because they are competing successfully against Microsoft. Nothing more.
Power corrupts. Doesn't matter if the person with power has shit that doesn't stink. By nature, the stronger person will eventually abuse his power. It may not even seem that way to the person with the power, but it will happen. Same is even more true with organizations. They are more complex, less personal. As Google collects more data, as its reach becomes bigger and as time goes on, the abuse will surface. Not that Google is any better or worse than anyone else, it is their success that will do it. And when Google's "Do No Evil" becomes "Well, maybe a little evil", they will make Microsoft look like an amateur.
(And thank you Slashdot for making me wait five minutes between posts. Excellent Karma, get mod points yet have to wait. And when I use the email link to report the problem, my email gets ignored. Brilliant)
See my journal for slashdot ID's by year. Mine created in 2005. http://slashdot.org/journal/289875/slashdot-ids-by-year
Oh I don't know [arstechnica.com] He has been doing favors for all his supporters, Like those car Dealerships whom supported him somehow manage to stay open.
Nice red herring, but it doesn't have anything to do with the fact that teh whole uproar over Sotomayor was based on a single ruling out of all of her years in the federal judiciary. One ruling hardly justifies being called "pro-RIAA".
But if you want to keep Diluting yourself into "hope and change" then don't mind me, go right ahead.
Except I never voted for Obama and have disagreed with almost everything he's done. Doesn't mean I won't still correct people who are spreading nonsense.
It's an illegal restraint of trade under US antitrust law. It's not "monopoly", which is sell-side, it's "monopsony", which is buy-side.
Farmers classically face monopsony situations. This was much worse when most farm products moved only by rail. When there was only one buyer with a rail loading facility in an area, farmers were really screwed. That's why there are so many farmer's cooperatives in the US, and USDA efforts to control monopsonies. For what it was like before that, see "A Deal In Wheat", from 1903.