Boiling Frogs-Intel vs. the Village

"Boiling Frogs - Intel vs. the Village" recounts the story of Intel Rio Rancho's impact on the air and water in the Village of Corrales from the mid-1980s to the present day. Updates to this ongoing saga will be posted here.

Tuesday, May 30, 2006

Ruthless Business Practices

In "Boiling Frogs - Intel vs. the Village" I wrote about Intel's ruthless business practices around the world. Recently, I received the following email from a businessman in Germany who is the victim of an Intel takeover. At his request, I will not reveal his name:

"I was founder and shareholder of a company which was acquired 2001 by big Intel. Our "honeymoon" lasted just a few months. All good and great promises in the beginning made place for inhuman conditions. After Intel's "patent harvest" in our company and a change in management, we became victim of what they call "divestiture." They've sold us off to our toughest competitor. From a formerly blooming company with 55 highly motivated and enthusiastic employees, it went down to a few people. Their job is to prepare everything for a soon coming funeral.
My initial anger turned into positive activity. I left the company in June 2003 and represent 47 former employees in a law suit against Intel (Intel Deutschland GmbH and Intel Corporation). We believe that it was not correct that Intel has taken away our sotck options, which we earned during our 2 1/2 years with Intel and which were also part of the agreement.
I look forward to reading your book, but you gave me already now further motivation to follow the stony path of that law suit.


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