Pando

techtopus

  1. Court docs show role of Pixar, Dreamworks Animation in wage-fixing cartel

    Just when the tech giants behind the Silicon Valley “Techtopus” wage fixing cartel thought the worst was behind them, US District Judge Lucy Koh has thrown a surprise twist — refusing for now to give her seal of approval to the $324 million class action settlement.

    By Mark Ames , written on

    From the News desk

  2. Like Pando, the NYTimes draws Google as a sprawling octopus. Unlike Pando, they think it's adorable

    Earlier this year, Pando's Mark Ames spent several weeks exposing The Techtopus, a secret Silicon Valley wage-fixing cartel, controlled in large part by Google's Eric Schmidt and Apple's Steve Jobs, which conspired to drive down wages for hundreds of thousands of workers.

    By Paul Bradley Carr , written on

    From the News desk

  3. Mike Maples: The people need to "take back capitalism." But is Silicon Valley part of the solution?

    Between rapidly increasing income inequality, soaring corporate profits, and shrinking employee wages, it's no wonder capitalism has taken a beating in public discourse of late. When a 700-page economics book on wealth disparity becomes the number one bestselling book on Amazon, you know there's something in the air.

    By David Holmes , written on

    From the News desk

  4. With the Techtopus wage theft lawsuit settled, all eyes turn to eBay

    The Silicon Valley wage theft class action lawsuit, covered extensively by PandoDaily, reached a settlement last week, just a month before it was due to go to trial in San Jose.

    By Mark Ames , written on

    From the News desk

  5. If the Techtopus wage theft suit proves anything, it's that the philosophy that built the Valley is no more

    In 2008, everyday folks learned that the top Wall Street banks were simply too big for the government to let them fail. In the Valley there was an overwhelming sense of smugness about our lack of protectionism.

    By Sarah Lacy , written on

    From the News desk

  6. Techtopus wage supression suit settled: Terms secret for now

    The wage collusion case that suppressed the earnings of millions of engineers working at numerous technology companies has ended with a settlement. The defendants and the remaining plaintiffs -- Google, Apple, Intel, and Adobe -- announced the settlement today.

    By Nathaniel Mott , written on

    From the News desk

  7. Court docs: Google hiked wages to combat "hot, young" Facebook after Sandberg refused to join hiring cartel

    One of the striking things about the “Techtopus” wage-fixing scandal, now heading to a jury, is how strange it seems today that Intel, Intuit, Adobe or even Google and Apple were once able to constitute the core players in an effective tech hiring cartel. In 2007, 2008 they were the big dogs in tech, while the names that dominate today, like Facebook and Twitter, were still just getting started.

    By Mark Ames , written on

    From the News desk

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