Management: The Job-Jumping Syndrome

When Motorola's executive vice president, C. Lester Hogan, quit last month to become president of rival Fairchild Camera & Instrument, he took seven colleagues along with him. Besides suffering a prompt drop in the price of its stock, Motorola began worrying that the mass exodus would mean a loss of trade secrets. Last week it acted. Filing suit in U.S. District Court in Phoenix, Motorola Inc. asked damages against Hogan, his associates and Fairchild, also sought to enjoin Fairchild from hiring away any more of its men.

Job jumping raises obvious questions,...

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