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| Friday, November 20, 2009 |
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ANALYSIS
March 2, 2009
Sagging Index no longer reflects what’s going on in the market, some say, Replacements? Google it, to start.
March 2, 2009
Downward price spiral will actually boost the cost of capital for most companies. CFOS, take note.
March 2, 2009
The latest bailout at AIG could be a preview of how the president will deal with Wall Street.
March 2, 2009
No corporate defaults. Big debt offerings. Percolating CP issuance. Things may be looking up in the capital markets.
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January 31, 2008 4:47 PM ET
The California Supreme Court has agreed to hear an age discrimination lawsuit filed against Google by a former manager of the company. The suit, filed by Brian Reid in 2004, was dismissed by a lower court before being reinstated on appeal last October. Mr. Reid, now 58, claims that younger fellow Googlers routinely referred to him as “old man” and “fuddy-duddy.” He also contends that he was fired because of his age. Google has stated that Mr. Reid’s job was terminated because the in-house graduate degree program he worked on was discontinued by the company. Google, like many businesses in the technology sector, has a young work force. According to data collected by Mr. Reid and submitted in his lawsuit, just 2% of Google’s approximately 1900 employees were over 40 in 2004. The average age of male Googlers at the time was 29.7 years old; female Googlers averaged 28.4 years old. Mr. Reid’s lawyers contend that he never received a negative performance review and was fired, at least in part, to prevent him from benefiting from the company’s initial public offering. Google announced its IPO nine days after Mr. Reid was let go. Joshua Peck, a spokesman for law firm Duane Morris, which earlier represented Mr. Reid, said that firm prefers not to comment on pending litigation. The decision by the California Supreme Court to hear the case is likely a good sign for Google, said David Greenberg, an employment lawyer based in Los Angeles. “It usually suggests that either they don’t agree with the lower court decision or that there are conflicting decisions in the lower courts.” On the other hand, if the court decides to let the case go to trial, it may encourage other filings of age discrimination cases against Silicon Valley companies. The court, which did not disclose its reasons for putting the case on its docket, is expected to hear arguments within the next three months.
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