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Local professional, expert weigh in on FTC rule to ban noncompete agreements [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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Lynn Hill, owner of Yoga Story in Downtown Bentonville and Downtown Rogers, says it makes sense to have a noncompete for those in senior positions for companies because they know confidential information, but it doesn't make sense to have it for independent contractors such as those in the fitness industry. Before becoming a yoga studio owner and teacher, Hill worked in executive compensation at Walmart. With the help of those in corporate governance, they put together noncompete clauses for the senior positions in the company. “If they were to go to another company that is in the same type of market as Walmart, they could share details about Walmart to that company at a very high senior level. So you could see why those folks in that position would need a noncompete,” Hill said. The Federal Trade Commission says about 30 million workers in the U.S. have a noncompete. The Walton Family Foundation gives $250,000 grant to Bentonville NorthWest Arkansas Community College “It
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