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PayPal: Google stole our employees and secrets
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05-27-2011, 08:55 AM #1Elite Member SUPER MODERATOR
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PayPal: Google stole our employees and secrets
PayPal: Google stole our employees and secrets
By Annalyn Censky @CNNMoneyTech
May 27, 2011: 10:07 AM ET
Former PayPal employees Stephanie Tilenius and Osama Bedier announce the launch of Google Wallet in New York, Thursday. PayPal is suing them, and Google, for stealing its trade secrets.
NEW YORK (CNNMoney) -- PayPal is suing Google for allegedly stealing its employees and trade secrets that may have led to the launch of Google's mobile payment service.
The 28-page lawsuit, filed in a superior court in San Jose, Calif., late Thursday, accuses Google (GOOG, Fortune 500) and two former PayPal employees who now work at Google of implementing PayPal's confidential trade secrets related to mobile payment technology.
The lawsuit came on the same day Google unveiled a phone-based mobile payment system, called Google Wallet. It specifically mentions Osama Bedier and Stephanie Tilenius, who -- now at Google -- took to the stage yesterday to unveil the new technology.
For two years, PayPal and Google had been in negotiations for PayPal to provide the payment system for Google's app store on Android phones.
But the lawsuit claims Google put a kibosh on the deal to instead "build a competing product with PayPal's former employees and executives at the helm."
Google Wallet lets you pay with your phone
PayPal's chief complaint is with Bedier, who worked at PayPal for eight years overseeing new product development of mobile technologies before he made the switch to a similar position at Google earlier this year.
While he was at PayPal, Bedier was in charge of negotiating the PayPal-Google deal. But PayPal claims that during those negotiations, Bedier was simultaneously interviewing for a job at Google, breaching his responsibilities as an executive.
The lawsuit goes on to accuse Bedier of transferring important company documents to his non-PayPal computer just days before leaving PayPal for Google in January.
PayPal also accuses him of recruiting other PayPal employees after his departure and using PayPal information on Google sales calls.
The lawsuit also claims that Google had reached a deal with PayPal regarding its Android Market negotiations in February, and the deal had even been inked by Android chief Andy Rubin and Google's then-CEO Eric Schmidt. But Google stalled in notifying PayPal, and three days after Larry Page took over as Google CEO in April, Google "scuttled the deal for good," PayPal alleges.
The lawsuit also includes charges against Tilenius for violating her contract with PayPal parent company, eBay (EBAY, Fortune 500), by recruiting Bedier over to Google.
Tilenius worked at eBay for eight years before moving to Google in 2009. The lawsuit claims she was obligated by contract not to recruit eBay employees until at least March 2, 2011, but she reached out to Bedier through Facebook and shepherded him through Google's interview process last year.
At least two more employees, the lawsuit claims, have since resigned from PayPal to join Google.
Google has not yet posted a response to the lawsuit online or responded to a CNNMoney request for comment.
First Published: May 27, 2011: 7:49 AM ET
From CNN.comLast edited by Curt James; 05-27-2011 at 10:11 AM.
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05-27-2011, 11:40 AM #2.45 ACP rules!
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05-27-2011, 12:19 PM #3Thats Dr. Keke to you! ELITE MEMBER
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Fuck paypal! Their cut on transactions is outrageous. They security sucks balls, and their customer service is pathetic. I hope google did lure papal's people away people, and I hope google comes out with a product that crushes paypal.
“I used to do drugs. I still do drugs. But I used to, too.”
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05-27-2011, 07:19 PM #4Bohemian Extraordinaire ELITE MEMBER
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That's what happens when you don't pay the meat of your company enough money... The brains, the people developing your products are assets to your company not the CEO's/CFO/COO's thats the fat of your company, feed the meat starve the fat and you won't have to worry about losing great ideas and minds to the competition.....those winers and diners up in the exec offices get too much credit, they wouldn't have any reason to be wining and dining potential clients if it weren't for the genius of the guys with ideas...there has to be a balance and if the execs seem to be making off better than the brains, the brains are gonna split....seen it many times in companies I deal with.....
Coarse edged youth, the irish pendants string from their smiles
not yet plucked as to slacken the seams
and drag down the features of age,
no folds or creases from unkempt wear
eyes of tranquilty, crystalline-beads
no sign of despair in their hair, nor their hearts
but oh they have yet to be experienced and that makes aging so very worth it...ML circa2012
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05-27-2011, 07:27 PM #5.45 ACP rules!
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Yes, indeed!
Originally Posted by maniclion
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