Apple And Google’s Wage-Fixing Cartel: The Class War In Silicon Valley

Mark Ames writes in PandoDaily:

Revealed: Apple and Google’s wage-fixing cartel involved dozens more companies, over one million employees

The prime mover according to a trove of Google emails appears to have been the late St. Steve of Apple, but the number of firms that got hands-off treatment from recruiters was absurdly large, such as Nike and JCrew (common board members). I particularly liked this email from Eric Schmidt of Google:

“I would prefer that Omid do it verbally since I don’t want to create a paper trail over which we can be sued later? Not sure about this.. thanks Eric”

      
Here`s another one:

From: Eric Schmidt
Sent: Wednesday, September 7, 2005 10:52 PM
Subject: Phone call from Meg Whitman 

DO NOT FORWARD 

Meg called to talk about our hiring practices. Here is what she said: 

1. Google is the talk of the valley because we are driving up salaries across the board. People are just waiting for us to fall and get back at us for our “unfair” practices now. 

2. Our recruiting practices are “zero sum” and it appears that somewhere in Google we are targeting EBay to “hurt them” and its the reputation that we are doing this against Yahoo, EBay and MSFT (I denied this.)

If you don`t have a job offer from another company, it`s hard to get a double digit raise. You`ll keep puttering along getting 3% raises year after year unless you have an offer from another firm. So this kind of cheating has sizable impact on the lifetime earnings of employees.