I'm shocked. Shocked.
Several of the U.S.'s largest technology companies are in advanced talks with the Justice Department to avoid a court battle over whether they colluded to hold down wages by agreeing not to poach each other's employees.
The companies, which include Google Inc., Apple Inc., Intel Corp., Adobe Systems Inc., Intuit Inc. and Walt Disney Co. unit Pixar Animation, are in the final stages of negotiations with the government ...
As I read the article, the long and short of it seems to be that various companies have agreements with other companies that they won't hire key personnel away from direct or indirect competitors.
There's no way this wouldn't have the effect of keeping the salaries of key personnel lower than they otherwise would be. If you don't have the ability to leverage your rate of pay by offering your services to another company across town, you're kind of stuck.
This is the same behavior that leads companies to prohibit employees (or "discourage" employees) from sharing wage information. If they can move the fulcrum so that workers have less ability to get more money, they will, laws and regulations be damned.
It's all about the greenbacks, friends and neighbors. It's what leads corporate execs to backdate options on company stock, nudges city managers to obscure their salaries, encourages bankers to take huge, leveraged risks safe in the knowledge the government will cover their backs.
Because there can never be enough.
Let me add that VFX Soldier and Professor Mark Farquhar brought the above to our attention.