Let me get this straight. CEO Schmidt gets payed 100x more than both Google Engineer Sarah and Google Engineer Jessie just because he gets to manipulate their salaries.
I think that's a straw man. Buying out a competitor's employees en masse is an anticompetitive tactic that, if used widely, arguably may negatively affect the health of the industry as a whole.
Not saying these executives' actions were right. Just that there were considerations other than saving a buck on salaries.