When Lawyers Send Letters

Wage Fixing Scandal: Google, Apple, Intel and Adobe Pay $324 Million In Damages

Screen Shot 2014-04-25 at 12.21.13 PM

After the tech crash of the early 2000’s, major tech CEO’s started sending each other emails saying, ‘Hey, why don’t we try not to poach each other’s employees? It could keep salaries from going through the roof.’ Some, including Steve Jobs himself, would call that a gentleman’s agreement. The Department of Justice, however, calls it collusion, and now some of the biggest names in tech history are paying up.

Apple, Google, Intel and Adobe have agreed to settle a class action lawsuit for $324 million, Reuters is reporting. About 64,000 tech workers sought a combined $3 billion in damages, and while the settlement is technically a victory, it comes out to roughly $5,000 per employee — a far cry from the roughly $47,000 each that they wanted. Read More

Expert Thoughts

Carl Icahn Runs a Content Business, Not a Fund

Carl Icahn. (Getty)

Notorious fund manager Carl Icahn has declared war against tech’s Marc Andreessen over his role as a director on eBay’s board during the sale of Skype. This, in and of itself, isn’t that interesting. Value creators (executive management, venture capitalists) are always fending off incursion from value extractors (hedge funds, financiers). Read More

Q&A

Inside ‘BS’ Tech Jobs: What eBay’s Chief Curator Actually Does

Michael Phillips Moskowitz

Last week, Valleywag published a disdainful list of “The Biggest Bullshit Job Titles in Tech,” calling out kooky positions like AOL’s “Digital Prophet” and Tumblr’s “Fashion Evangelist.” Betabeat wondered, What do these people actually do for a living? What, pray tell, does an “Innovation Sherpa” or a “Chief Happiness Officer” do all day? Are their jobs as illusionary as they sound, or are they just normal jobs with wacky titles?

Following chief happiness officer Jenn Lim, our second interviewee was eBay’s chief curator Michael Phillips Moskowitz, who’s been working with the company since August 2013. Mr. Moskowitz is on the team leading the roll-out of eBay’s new “experience,” which debuted in North America on October 22, 2013, and will expand overseas to the UK and Germany in early March. Read More

Fight! Fight! Fight!

eBay CEO Sassily Dismisses Amazon’s Drone Idea As ‘Fantasy’

Thinks Amazon is stupid. (Photo: Bloomberg)

Everyone is excited about Amazon’s improbable plan to deliver packages by drones, except for one person: eBay CEO John Donahoe.

Drinking a gallon of haterade before recently appearing on Bloomberg, Mr. Donahoe lambasted Team Bezos’s plan to replace some delivery drivers with the unmanned aerial vehicles as a “fantasy.” Emily Chang, a reporter at your dad’s favorite business network, asked him if eBay had any similar plans. He responded with a big, fat nope. Read More