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This dynamic opens up a whole Pandora's box of possible alliances and competing agreements, none of which seems to offer better options for the end users namely, American consumers.
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I'm not familiar with the law in Washington on non compete agreements, but in California its pretty clear – if you sell your company to someone for stock, they're enforceable.
In fact, that non compete agreement is the reason Miller couldn't join Yahoo's board this last summer.
Another reason the story makes no sense – Miller is bound by a non compete agreement with AOL that prohibits him from serving as an employee or board member to certain companies, including Yahoo.
Massachusetts Takes on the Non-Compete Agreement The Massachusetts legislature took a step toward a more dynamic economy this week, when it voted, 150 0, to make it more difficult for companies to use and enforce non-compete agreements.
The two agreed to consulting and non-compete agreements that would pay them $100 million over a five-year period.
Other terms, including the amount of cash at closing, the fit with the buyer, future employment and non-compete agreements with the seller are all important considerations.
At Jet, staff members are not required to sign non-compete agreements, and board presentations are posted online for all staff to see.
Companies can prevent former workers (including those who have not signed non-compete agreements) from moving to a rival on the ground that they are taking trade secrets with them.
Is it the unenforceability of non-compete agreements so that employees can leave from one company and go and work in another in the state of California?" he says.
And as with non-compete agreements, the reflexive defense of the minor-league pay structure is that the players are adults, and if they're not happy with what they're paid, they can do something else instead.
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