A Tough Time To Ban Non-Competes [Forbes]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Forbes
Federal Trade Commission Statue (Photo by Carol M. Highsmith/Buyenlarge/Getty Images) So, what is the FTC doing? Doing away with non-compete clauses—one of the few effective ways companies can protect their intellectual property, knowhow, and trade secrets in the Information Age, keeping American companies at the forefront of innovation. By a vote of 3 to 2, The Federal Trade Commission issued its long-feared ban on non-compete agreements on April 23. Non-compete agreements “typically prevent workers from taking a new job or starting a business for a certain time period after leaving an employer," says . This provides some protection for companies whose competitive advantage comes from intellectual property, proprietary information, knowhow, trade secrets, and their own “special sauce.” PROMOTED Intellectual Property Walks Out The Door Every Night We all know that in services businesses—unlike the bricks and mortar of manufacturing or industrial companies—the main assets of t
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C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 5/17/24 - Form 424B2
- 5/17/24 - Form 424B2
- 5/17/24 - Form FWP
- C's page on the SEC website