Sunday, April 15, 2012

Nice Job

   I was kind of sad though not really surprised to recently read that the U.S. Attorney General's office along with the Attorney General's of 16 states  have filed anti trust lawsuits accusing Steve Jobs and five major book publishers(Simon&Schuster, Hachette, HarperCollins, Macmillan, and Penguin) of boosting revenue via price fixing. Apparently Jobs held several meetings with the publishers where they cut a deal that guaranteed Apple a 30 percent commission on each e-book it sold through its online store. Connecticut Attorney General George Jepsen estimated the price fixing scheme cost consumers more than $100 million. Wow! That's a lot of money. That's a lot of e-books. Jobs is even quoted as saying "The customer pays a little more, but that's what you want anyway." Thanks. 

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