from Bloomberg[1]
"Under cross-examination by Assistant District Attorney Elizabeth Roper, Malyshev said that Aleynikov would have been the second-highest paid person at Teza, and that he was the only employee that he had offered to pay three times a former salary"
I can't find a citation, but he was worth that much to Teza precisely because of the HF trading models he was bringing with him. I've worked at hedge funds where quants did have rights to their own trading algorithms and under their agreement they could leave and take them to the next shop. If Sergey did not have such agreement, taking anything (even his own code) would be considered company property.
I am not familiar enough to say he did or didn't steal company property, but I would certainly not say that "there is no market for stolen code". If all he really took was open source code than this is indeed a witch hunt, but I don't see why any company would pay so much if they could just get the free open source code.
> I am not familiar enough to say he did or didn't steal company property, but I would certainly not say that "there is no market for stolen code".
He hasn't stolen anything (since the source code is still on GS' computers), he just copied it illegaly. Using the word "stealing" for this is plain propaganda.
I can't find a citation, but he was worth that much to Teza precisely because of the HF trading models he was bringing with him. I've worked at hedge funds where quants did have rights to their own trading algorithms and under their agreement they could leave and take them to the next shop. If Sergey did not have such agreement, taking anything (even his own code) would be considered company property.
I am not familiar enough to say he did or didn't steal company property, but I would certainly not say that "there is no market for stolen code". If all he really took was open source code than this is indeed a witch hunt, but I don't see why any company would pay so much if they could just get the free open source code.
[1] http://www.bloomberg.com/news/articles/2015-04-21/goldman-co...