41–50 of 73 posts
This conspiracy is by far the most intentionally evil thing tech companies have ever been caught doing. Also the worst thing Steve Jobs did in his life.
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Cartels are dynamically unstable. That doesn't mean they can't cause a net social loss during the period in which they are effective.
I looked at some of the articles on this particular cartel. I didn't see evidence presented that employees of the cartel were compensated less than employees at other tech companies. While there is no doubt there was an illegal cartel, I'm skeptical that it was an effective cartel.
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25% is a rather "normal" attorney fee award. You can argue they shouldn't get that much but remember that they have to eat the cost of prosecuting the case for a long time before seeing a dime. EDIT: I don't get the harsh downvoting. I'm unfamiliar with the particulars of the case but remember that not all class-actions end favourably for the lawyers: https://en.wikipedia.org/wiki/A_Civil_Action
How much of a financial hit do they really take? Apart from their salaries and associated office costs (covered by past cases presumably) what other costs do they have? Their only excuse is that most businesses do the same thing. Payment processors, freelance agencies, telecoms providers etc, all taking extortionate cuts in relation to the costs incurred providing a service, which comes from our paychecks.
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Jobs was a scumbag through and through... just one more check mark on stupid shit rich business people and their respective corporations can get away with in America most of the time. Even now it's a small sum for these companies, a few thousand dollars a person, much less than the actual pay lost due to corruption. A few billion each would've actually sent a message and actually set the victims whole. Funny how the…
25% is a rather "normal" attorney fee award. You can argue they shouldn't get that much but remember that they have to eat the cost of prosecuting the case for a long time before seeing a dime. EDIT: I don't get the harsh downvoting. I'm unfamiliar with the particulars of the case but remember that not all class-actions end favourably for the lawyers: https://en.wikipedia.org/wiki/A_Civil_Action
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Staggering? I'd call it a pittance. The companies should've been fined much more to make an example out of them so no tech firm attempts something like this again.
Pretty sure thats a sarcastic use of the word staggering
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Jobs was a scumbag through and through... just one more check mark on stupid shit rich business people and their respective corporations can get away with in America most of the time. Even now it's a small sum for these companies, a few thousand dollars a person, much less than the actual pay lost due to corruption. A few billion each would've actually sent a message and actually set the victims whole. Funny how the…
25% is a rather "normal" attorney fee award. You can argue they shouldn't get that much but remember that they have to eat the cost of prosecuting the case for a long time before seeing a dime. EDIT: I don't get the harsh downvoting. I'm unfamiliar with the particulars of the case but remember that not all class-actions end favourably for the lawyers: https://en.wikipedia.org/wiki/A_Civil_Action
Surprisingly uninformative article! If I recall correctly per-person damages are staggering $6500.
Staggering? I'd call it a pittance. The companies should've been fined much more to make an example out of them so no tech firm attempts something like this again.
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Jobs was a scumbag through and through... just one more check mark on stupid shit rich business people and their respective corporations can get away with in America most of the time. Even now it's a small sum for these companies, a few thousand dollars a person, much less than the actual pay lost due to corruption. A few billion each would've actually sent a message and actually set the victims whole. Funny how the…
Jobs was far from perfect. However, his contributions _far_ outweigh all his transgressions. The iPhone has (and will) ushered in an era of unimaginable prosperity for, in the coming years, literally the entire planet. Whether or not his work could have been achieved without his faults is an open question. One which the counter factual isn't possible. The key thing to remember is that there are no solutions, only tra…
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I'm still pissed at Google for falling into this. From a company that prides itself on not being evil, it was clearly an evil practice. I'm not too pissed though. I understand Steve had his distortion bubble and Larry had stars in his eyes. It's sad to see the integrity break down. It makes me not trust Google to always do the right thing because I don't trust Larry to.
"Don't be evil" is just a slogan. Same as any other company's slogan. There isn't any integrity to begin with unless there's a market incentive for it, and there isn't.
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I am more disturbed at the greed behind the original injustice. The tech companies should be punished, the greed of the plaintiffs is completely irrelevant.
Why is it greed if a walmart worker was being stiffed of a dollar an hour its just as bad as a sales guy losing 20% of a five figure bonus.