Everything posted by Keef
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2024 Transfer Thread - The Pedantic Circlejerk
It does if the problem is something heavy on your foot.
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FTC Bans most Non Compete Clauses
Right, but if you can't solicit customers (often defined to include prospective or even likely customers), employees, or consultants, and you are prohibited from using confidential information you learned in your old job in any way (with confidential information typically being defined broad enough to encompass anything under the sun), how is that practically speaking different than a non-compete? And sure, maybe some portion isn't enforceable, but do you really want a lawsuit with your former employer on your record if you're an executive? Plus, a lot of companies - especially PE backed ones - have language in their equity award agreements that if you violate any restrictive covenants post-termination, they can clawback their equity and sometimes even past proceeds. Many states permit the equity clawback under the argument that isn't prohibiting you from competing - it is merely taking back some contingent compensation you were paid in the past. See how this gets murky quickly?
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FTC Bans most Non Compete Clauses
Yeah, we work in different industries. For tech companies and most PE back companies, they care about this a ton.
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FTC Bans most Non Compete Clauses
It's still a practical problem. Every competently drafted offer letter in the world has language where you're required to disclose any restrictive covenants that you're subject to. Once disclosed, you have to convince your new employer that whatever restrictive covenants you have in place aren't enforceable and the old company won't sue you and them in order to try and enforce it.
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FTC Bans most Non Compete Clauses
This is going to get held up in court for years and employers and are going to do what they what they are already do in California - make the non solicit and confidentiality provisions in the employment contract operate suspiciously like a non compete and dare the employees to sue.
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2024 Transfer Thread - The Pedantic Circlejerk
Venables looks more like a mutil level marketing executive with each passing day.
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A story about a pathetic man's downfall [34 Felony Convictions]
Shout out to Juror 4 and Alternate 2 for living my dream and successfully avoiding all news.
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Iran attacks Israel attacks Iran
This looks even worse than not responding. I mean, I'm happy Israel didn't do something over the top, but what's the point you're making by sending a few drones into the desert?
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Iran attacks Israel attacks Iran
Bibi couldn't just take the W
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coffee / coffee makers
I recently bought a NextLevel Pulsar brewer, and I couldn't be more pleased. It's super easy to use and produces a really consistent, delicious cup.
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You wanna let Timothy McVeigh or El Chapo walk out of prison because we haven't had the trial yet? There are good arguments against the current bail system, but this isn't one of them.
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A story about a pathetic man's downfall [34 Felony Convictions]
LOL. Trying to imagine the annual proxy of a single Chick-fil-A franchise. The Company's material risk factors include Ted getting too stoned to man the fryer or a disgruntled customer with a one-star vendetta on Yelp. The summary comp table includes the owner and a couple of teenagers who incurred a lot of overtime.
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Iran attacks Israel attacks Iran
My first thought as well when they launched a drone attack that would take hours to get there. This is a response with an intent to de-escalate. Or so I hope.
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John Calipari to Arkansas?
No wonder there is now reporting that the deal is falling apart.
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This story, about this Alabama pastor...
I’m just glad that reporter is “at peace” with his story. I was worried he’d have like, some lingering guilt or whatever for driving a man to suicide, but glad he was able to avoid that.
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the 2023 speaker of the house voting thread of implosion
Republicans run on the platform that the government doesn't work and always prove their proposition.
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Kim Mulkey to LSU
Forget suing them for libel, she should send the WaPo a thank you card. That's far nicer than I ever imagined.
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A story about a pathetic man's downfall [34 Felony Convictions]
That's all political. The lack of prosecution from the GFC was a political decision and one made above the heads of the SEC (which I can't believe I'm defending).
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A story about a pathetic man's downfall [34 Felony Convictions]
A securities law suit isn't an SEC investigation. I disagree with your assessment of the SEC as well.
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A story about a pathetic man's downfall [34 Felony Convictions]
Yep - this board is a class action securities lawsuit waiting to happen.
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Baltimore Bridge Disaster
This and the Bay Bridge in SF always freaked me out when I lived in the West Coast. You know those quakes are coming eventually, and with the Bay Bridge, you can be stuck there for an hour or more during a busy part of the day.
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Vince got knocked the F out
I love Vince to death, but when we all said he'll never have to buy another drink in this state again, I'm not sure we knew what we were in for.
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Yeah, he's nowhere near as competent a dictator as the other three.
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On your first question, yes. On your second question, there's usually a whole road show of publicity before you IPO. So the investment bankers that you engage have a good idea of who will buy what. But if no one buys or no one buys in the amount and at the price that you think they will, the share price craters.
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Yeah there are special deals cut all the time. You need the underwriters and the board to agree to it though.