The length of time a non-compete agreement lasts depends on how high you
are in a company. A key man, (could be a woman), say a founder with
intimate knowledge of the workings of a proprietary system, or important
contacts in the case of a sales oriented company, could have a much
longer period of time than a year.
Of course depending on the legal jurisdiction that clause might not be
worth the paper it's printed on. In Connecticut, it's a dead letter the
moment it gets to court. Getting to court could still be a costly and
involved procedure depending on the exact wording of the clause.
On 9/26/2018 10:31 AM, Bruce Walker wrote:
Non-compete contract clauses are usually only for a year or two. You
couldn't enforce one beyond that as employment lawyers would
successfully show they impair the executive's ability to make a
living.
Now, maybe they had stock options that vested over 5 or 6 years.
That's kind of long too (3 years is usual) but possible considering
the amount of money involved.
Neither of these were mentioned in the tech press though.
On Wed, Sep 26, 2018 at 10:16 AM P. J. Alling
<webstertwenty...@gmail.com> wrote:
Most developers are independent types, they more or less began the high
movement low loyalty workplace. Mainly because they're smart enough to
realize that most employers care less about them than they do about the
furniture. Zuckerberg, seems to be loyal to his friends, at least while
they're valuable to him, but would treat the rest of his employees with
a certain level of contempt. They probably had contracts, that
guaranteed them employment and pay for a number of years, that kept them
from competing in their chosen field of endeavor, which are now up, and
they left as soon as they legally could.
On 9/25/2018 1:54 PM, Bruce Walker wrote:
I'm surprised they lasted 6 years at FB. Entrepreneurial types are
generally allergic to large corporations, and dealing with FB
"optimizing" the app in order to clobber the competition, Snapchat,
and fine tuning the thing to maximize ad revenue at the expense of it
being, well, actually interesting, would frustrate anyone.
Personally I doubt those two will ever produce anything really money
making again. I think they just got lucky with Instagram. They will
pour lots of dough into multiple startups and watch each fizzle. It
will take a few lifetimes to blow though the 1 billion they received
though, so I'm sure they'll have fun doing it.
On Tue, Sep 25, 2018 at 1:42 PM Daniel J. Matyola <danmaty...@gmail.com> wrote:
The creators of Instagram apparently are unhappy with the way Facebook is
handling the app.
http://www.theweek.co.uk/96699/why-instagram-founders-are-leaving-facebook-owned-app
?
Dan Matyola
http://www.pentaxphotogallery.com/danieljmatyola
On Sun, Sep 23, 2018 at 8:30 PM Mark Roberts <postmas...@robertstech.com>
wrote:
Paul Stenquist wrote:
Facebook without words.
That sounds pretty good, actually.
--
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www.robertstech.com
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