Looks like former Motorola exec, Michael Fenger, tried his best to have his cake and eat it too. His former employer was not so keen on Fenger violating his non-compete agreement, especially since Fenger hopped the fence to join Apple’s iPhone division.
Motorola apparently offered Fenger millions of dollars, stock options and restricted stock units as part of his non-compete agreement with Motorola, which furthermore stated that he would not join a competitor for at least two years after leaving Motorola. However, Fenger took the Vice President of Global iPhone sales position less than a month after leaving his position at Motorola and of course after he had already accepted the cushy non-compete deal from Motorola.
Beyond Fenger violating his strictly bound non-compete agreement with Motorola, the new Apple exec also hired for Apple two Motorola employees who have access to Motorola’s trade secrets and information on customer relationships.
Motorola’s attorneys have urged the court to bar Fenger from working for Apple or a competitor for at least two years, as stated in his non-compete agreement. Motorola further demands damages in the form of repayment of stock options from signing the non-compete.
As always, the ending to this story is in the hands of the judicial system.
This blog was based on information found at reuters.com
No comments:
Post a Comment