421–430 of 510 posts
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Incredibly scummy.
Why is it scummy? Hiring people to produce goods or services and compensating them based on the value of their knowledge and abilities is sort of the entire value pitch of capitalism, and it's unlikely anyone would have moved over to Apple if the compensation wasn't more worthwhile to them.
All these intellectual property lawsuits look like an economic loss overall. The laws don’t work as intended if they aimed to encourage innovation
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>Virtually everything humans create or “discover” is an inevitability. Even though it's inevitable that someone will invest a lot of time to get us better TFT displays in form of IPS, it's very much favorable that he can reap some reward for it. It's a bit of a gamble and is therefore supplanted by the trade secret and research grant systems, still it's a useful incentive to do cool stuff.
There is no "he" who will reap the reward. The reward all goes to the share holders and executives of the company which ends up owning the patent, not the individual or individuals who comes up with the thing which can be patented.
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They attempted to acquire a specific tech of Masimo, but changed their approach to hiring key resources of it instead of partnering with the company (or acquiring (parts of) it). The aftermath is this lawsuit, which illustrates that Apple needed their hires to build something that was already existing in Masimo and would have been subject of that partnership. I'm sure this "brainrape" strategy often works flawlessly,…
I don’t think “brainrape” is a good description as employees leave of their own choice. The corporation isn’t paramount, the individual is. Saying Apple “brainraped” Marino because Masimo didn’t want the employees to leave with their skills leaves out the very important part that employees wanted to leave. Companies should be able to hire away key talent because it helps the talent who get hired away. As well as the…
The point is that Apple had Masimo describe their tech, the issues and methods they developed to solve them, and Apple walked away to rebuild Masimo's solution.
They succeeded, but unfortunately for them the methods were already patented IP of Masimo, that company which explained this whole field to Apple in first place.
The fact that Apple hired Masimo staff to do so is just the smoking gun.
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There is no "he" who will reap the reward. The reward all goes to the share holders and executives of the company which ends up owning the patent, not the individual or individuals who comes up with the thing which can be patented.
The researcher individuals will be paid their salary and their jobs' existence depends solely on ability of the shareholders to protect their investment.
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This seems to be an uninformed opinion. Masimo has been on the cutting edge of pulse-oximetry for decades, and figuring out how to make a low power wrist pulse-oximeter is non-trivial.
Maybe. These patents seem pretty trivial though. > Masimo has been on the cutting edge of pulse-oximetry Maybe because they built an artificial patent moat around themselves and no other company can compete?
Philips and Siemens, of all companies, decided to partner and license the technology, and Apple decided they can toss them around.
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Ah late stage capitalism. Don't innovate, poach. I don't mean the people shouldn't chose to be compensated well but if you are up against practically infinite funds there is no realistic option for a counter offer.
I dunno, Apple has better market access and product execution so isn’t it a good thing if they acquire innovative tech?
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Ah late stage capitalism. Don't innovate, poach. I don't mean the people shouldn't chose to be compensated well but if you are up against practically infinite funds there is no realistic option for a counter offer.
I dunno, Apple has better market access and product execution so isn’t it a good thing if they acquire innovative tech?
They hired-away Masimo staff to achieve that, the thing they left behind and didn't acquire was the actual tech.
This strategy surely worked hundreds of times, in this case they picked the wrong company because the tech was already patented.
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That doesn't obviate the rights of the other Masimo shareholders. Imagine Apple owes Masimo a $2B judgement. Then they buy the 50.1% of company for $500M and write off the debt to their subsidiary. The other 49.9% say, wait, we were owed $1B dollars in that settlement and all we got was $250M of AAPL stock! And they sue.
> That doesn't obviate the rights of the other Masimo shareholders It does if they willingly sell their shares to Apple > Then they buy the 50.1% of company for $500M and write off the debt to their subsidiary Well that would not be legal. They’d use their position as the majority shareholder to buy out everyone else and delist the company (of course they could still not sell, they’d just end up having shares in a pr…
Why would they do that? That's literally just giving away money. I still think you're failing to understand the principle at work here. You can "control" a public company with a 50.1% share, that doesn't allow you to steal from the remaining shareholders. That's what shareholder lawsuits are about: the shareholders collectively feel that the company is not acting in the interests of its owners and sue.
Now, sure, often this is abused. Often the suits are baseless and mostly just attempts by law firms to squeeze some dollars out of the process. But the actions described in this subthread are exactly why they are allowed in the first place. You can't do that.
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Incredibly scummy.
Why is it scummy? Hiring people to produce goods or services and compensating them based on the value of their knowledge and abilities is sort of the entire value pitch of capitalism, and it's unlikely anyone would have moved over to Apple if the compensation wasn't more worthwhile to them.