5 ms·
The timing of this acquisition, and the FTC's ban on non-compete agreements is perfect.
by tithe 2y ago
The timing of this acquisition, and the FTC's ban on non-compete agreements is perfect.
- binarymax 2y agoUsually during an acquisition like this, the key staff are paid out after two years on board the new company. So not a non-compete, but an incentive to stay and get their payout. Most staff with no equity will leave quickly of course, so the invalidity of non compete will definitely help those souls.
- cratermoon 2y ago"golden handcuffs" they call them.
- unstatusthequo 2y agoBan isn’t yet in effect and would have started discussions a while back. Plus, FTC ban is already being litigated by business groups, unsurprisingly.