On hiring employees of your competitor
from pcmagazine on the restraining order of 7 Nov 08 from the U.S. District Court for Southern New York [SDNY]:
In June 2006, Mark Papermaster signed a non-compete agreement in which he agreed not to work for an IBM competitor for at least a year if he ever left IBM, according to court documents.
He informed IBM of the Apple job offer last month. On October 20, IBM offered him a pay raise as well as the option to accept one year's salary if he promised not to go to a competitor, but Papermaster submitted his resignation the next day.
On October 22, IBM filed suit.
IBM says: Papermaster is "in possession of significant and highly confidential IBM trade secrets and know-how, as well as highly sensitive information regarding business strategy and long-term opportunities,"
Papermaster says: he will "suffer severe hardship if he loses his dream job and is forced out of the rapidly changing electronics industry for a year."
In June 2006, Mark Papermaster signed a non-compete agreement in which he agreed not to work for an IBM competitor for at least a year if he ever left IBM, according to court documents.
He informed IBM of the Apple job offer last month. On October 20, IBM offered him a pay raise as well as the option to accept one year's salary if he promised not to go to a competitor, but Papermaster submitted his resignation the next day.
On October 22, IBM filed suit.
IBM says: Papermaster is "in possession of significant and highly confidential IBM trade secrets and know-how, as well as highly sensitive information regarding business strategy and long-term opportunities,"
Papermaster says: he will "suffer severe hardship if he loses his dream job and is forced out of the rapidly changing electronics industry for a year."
posted by Lawrence B. Ebert at 4:37 AM
0 Comments:
Post a Comment
<< Home