Are there any laws about fair employment practice in US which prevent this kind of anti poaching settlement between competitors? If this continue to happen and the companies mal-practicing this kind of settlement escapes this easily without government intervention, employees would continue to suffer.
I agree, tpfj. I don't know how they actually divid the money in such a class action suit, but this seems like so little. In contrast, for those big corporations involved in the suit, this was a mere champ change.
Rick, there are some more suttle hiring agreements in the tech industry. Taiwanese tech companies in Silicon Valley have always refrained from hiring anyone from any other Chinese or Taiwanese firm without permission from them, nor any of their employees will dream to offer his/her services to another company without his/her boss blessing. And that is nothing compared with the code of honor in countries such as Japan.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.