The FTC Comes for Noncompetes – Bloomberg

… In the financial industry, there is a common norm that, if you leave a job, you are not allowed to work for a competitor for some period of months or years, during which you are still paid by your old employer. This makes it harder for you to get a new job and reduces your negotiating leverage at your current job, and if you do leave, the enforced time off devalues your skills and holds back your career. On the other hand: year-long vacation! There are probably some people who structure their financial careers around maximizing gardening leave. Did the FTC end that?

Source: The FTC Comes for Noncompetes – Bloomberg