The bright folks in Silicon Valley might just come to regret helping to elect the most anti-business administration in recent memory:
Apple, Google, Yahoo! and Genentech are subjects of a fresh antitrust investigation surrounding hiring and recruiting practices among companies in the tech industry, according to Washington Post staff writer Cecilia Kang.
“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 in the article. Hiring and recruiting can sometimes be a touchy affair, as Apple found out late last year when trying to hire Mark Papermaster. The investigation may suggest some kind of written agreement among large tech firms to not hire away each other’s top talent.
According to the New York Times, Justice has only requested documents for the ongoing investigation. Neither the Justice Department nor any of the companies mentioned in the story had any comment.
Stories like this just go to show there’s real room in this country for a real small-government party — fiscally conservative and socially liberal. And there’s plenty of money to support one.
Well, for now, anyway.
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