81819
IBM Sues Former Executive Hired by Microsoft
IBM Sues Former Executive Hired by Microsoft

IBM Sues Former Executive Hired by Microsoft

IBM Sues Former Executive Hired by Microsoft

International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp’s new chief diversity officer over the weekend, alleging violation of a one-year non-competitive agreement. McIntyre, who “abruptly resigned to compete against IBM,” was in possession of highly confidential and sensitive information about IBM’s diversity strategies, hiring targets, technologies and innovations, IBM said in the lawsuit filed in a New York federal court on Monday, Reuters reported. Judge Vincent Briccetti temporarily barred McIntyre from moving to Microsoft. IBM complained that McIntyre using and disclosing, whether intentionally or not, its confidential and sensitive information would place the company at a competitive disadvantage. IBM said it sought to enforce McIntyre’s non-competition agreement for the 12-month period and recover from her the equity compensation she has forfeited by “violating her contractual duties” to IBM.

 

Short URL : https://goo.gl/druKS4
  1. https://goo.gl/92UGkP
  • https://goo.gl/png9kf
  • https://goo.gl/wDbKKs
  • https://goo.gl/5nRtpq
  • https://goo.gl/ckzxHH

You can also read ...

VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus