Non-Compete
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Get your popcorn… my guess is that it ultimately gets overturned and the ban goes into effect.
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T taiwan_girl referenced this topic on
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Had drinks with my old Credit Suisse buddies last night. It got me thinking about this topic, because I like the way the banking industry handles it. The typical non-competes stops you from working for a competitor for 6 months.
It seems to strike a good balance - it inhibits you from bringing leads from one employer to another, gives the ex-employer time to have new employees build relationships with your old clients, while not banning you from working in your own industry.
The phrase they use is ‘gardening leave’. You get an offer from a new bank and quit your job, and have six months to tend to your garden.
