"Defendant Brin understood after his call with an 'irate' Jobs, that his position was 'if you hire a single one of these people that means war.' Defendant Brin took this threat seriously and advised the executive management group not to 'make any new offers or contact new people at Apple until we have had a chance to discuss,' " the complaint says. The poaching ban started in 2005 with Apple, the pensioners claim, when an 'irate' Steve Jobs called Brin allegedly making threats that led Brin to institute an internal company policy that Google not hire from Apple. The pensioners note that as compensation went down, so did Google's reputation and the money the shareholders could have made.
These unlawful restraint of trade agreements were intended to and did in fact reduce employee compensation and mobility for high-tech employees." Defendants caused and/or blindly looked away when Google entered into illegal anticompetitive hiring agreements with its rival companies. "This misconduct caused significant damage to Google and its shareholders. "Defendants, with their colleagues at rival companies including Apple, Adobe and Intel, illegally conspired to drive down wages for over 100,000 workers in Silicon Valley," the complaint states. The lawsuit also names as defendants past Google board members Michael Moritz and Arthur Levinson, and executives Robert Eustace, Omid Kordestani, Jonathan Rosenberg, Shona Brown and Arnnon Geshuri. "Each of these ten directors knew of the wrongdoing and either actively orchestrated it or acquiesced in it," the fund says in its complaint. West Palm Beach Fire Pension Fund names as defendants Google's board of directors: Larry Page, Sergey Brin, Eric Schmidt, John Doerr, Diane Greene, John Hennessy, Ann Mather, Paul Otellini, Ram Shriram, and Shirley Tilghman. "The anticompetitive agreements run contrary to what has made Silicon Valley so successful: job-hopping," says a 72-page federal complaint brought by a pension fund from Florida. (CN) - Google shareholders lost money because directors refused to recruit better talent away from other tech giants through reciprocal, anticompetitive "handshake" agreements, according to a federal complaint filed Monday. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. and/or other countries.Ĭorporate Responsibility, Privacy & Legal Notices: Compass is a licensed real estate broker, licensed to do business as Compass RE in Delaware, Idaho, New Jersey, Pennsylvania and Tennessee, Compass Real Estate in Washington, DC, Wyoming and Idaho, Compass Realty Group in Missouri and Kansas, and Compass South Carolina LLC in South Carolina. Terms of Service, Privacy Policy, Responsible Disclosure, Compass is an E-Verify employer, Notice for California Applicants, and California COVID-19 Rules of EntryĬOMPASS, the Compass logo, and other various trademarks, logos, designs, and slogans are the registered and unregistered trademarks of Compass, Inc.
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