The Deal
Saturday, November 21, 
4:52 am

Competition raids Deal scoop on hiring practices

  Share     E-Mail    Discussion    Print Story

TheDeal_PL_125x100.gifSince the competition won't give credit where credit is due, we'll do it ourselves. Cecile Kohrs Lindell's May 29 scoop about the Department of Justice's investigation into Silicon Valley's hiring practices was followed this week first by The Washington Post, then by The Wall Street Journal and The New York Times -- all without mentioning that The Deal had it first. The story was also picked up by bloggers and Internet publishers such as Cnet.

Lindell's piece revealed that DOJ is examining whether technology firms have engaged in illegal collusion by agreeing not to poach each other's employees. Companies receiving inquiries from the agency include Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO) and Apple Inc. (NASDAQ:AAPL), as well as biotech giant Genentech Inc. (NYSE:DNA). The New York Times did an excellent June 3 follow-up quoting a couple of Silicon Valley execs who confirmed that many firms adhere to a tacit agreement not to raid each other's employee ranks. - Bill McConnell

See New York Times article
See DealPipeline article: DOJ probes possible tech hiring pact (subscription required)

Continue reading below

Also on Dealscape





Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.