Apple Inc. (NASDAQ:AAPL)‘s ex CEO, Steve Jobs, and Google Inc (NASDAQ:GOOGL)‘s Executive Chairman, Eric Schmidt were apparently in cahoots to keep the wages of their employees as low as possible. In an article on CNET, Steven Musil reveals an email exchange between the two executives, which provides an appalling evidence to this end.
According to the article, in March 2007, Jobs asked the Google Inc (NASDAQ:GOOGL) ‘s CEO to stop hiring Apple Inc. (NASDAQ:AAPL)’s employees while talking about one of Apple’s engineers that Google was hiring. In response to this, Schmidt sent out an internal email, asking for an explanation of such an event, when the two companies have a no recruiting policy from each other.
The two companies are now trying to settle this antitrust case along with Adobe and Intel. The latest offer was of $415 million, which was $90.5 million more than the last offer which was rejected by US District Court Judge Lucy Koh, according to Musil.
It is shocking to find out the extent to which well reputed companies like Google Inc (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) would go to gain their edge in terms of profit margins and keep costs low. This also raises questions about corporation as an institution, and whether it is really serving people, or just exploiting them?
Apple Inc. (NASDAQ:AAPL) has been the focus of much more serious allegations of similar nature in the past. Not too long ago a BBC documentary revealed the inhumane conditions that workers in China are subjected to, who were in factories assembling Apple’s products. And this was after the company claimed that it had introduced rules to improve the condition of such employees after 18 employees at Foxconn City Industrial Park attempted suicide in 2010.
It is about time that companies like Google Inc (NASDAQ:GOOGL) and Apple Inc. (NASDAQ:AAPL) start to take more responsibility of their actions, even if that means less emphasis on their bottom lines.
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