Antitrust Investigations Go High-Tech
Just ‘cuz you’re buddy-buddy with Barack Obama doesn’t mean he won’t investigate your company if something stinks of antitrust. That’s what Google Inc. (GOOG) – whose CEO, Eric Schmidt, is a supporter and friend of Obama – is discovering.
Not long after the Obama Administration said it’s investigating Google for its online books initiative, its search engine dominance, its board membership and its mobile phone operating system, the Justice Department now says it also will look into hiring practices at tech companies including Google.
Google, Apple Inc. (AAPL), Yahoo! Inc. (YHOO) and Microsoft Corp. (MSFT), as well as some biotech firms, are being probed for allegations of agreeing not to recruit each other’s employees.
