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A lifetime noncompete really I assume they pay you for life for this noncompete.
by C1sc0cat 8y ago
A lifetime noncompete really I assume they pay you for life for this noncompete.
- DevX101 8y agoMy understanding is that legally, the contract says something reasonable, like a year. But the firm will use it's considerable resources to impede your career if you attempt to work in mathematical trading after that year's up. On the flip side, employees are compensated very well, and the turnover is very low.
- jermaustin1 8y agoI'd assume turn over is low if by leaving they now have to change entire career paths. I'd put up with a lot of shit to not have to learn a brand new trade.
- abakker 8y agoThey make SO much money, though, and get access to the special employees-only fund, so I assume that employees that join are interested in staying.
- argonaut 8y agoThey don't. They're all qualified for machine learning or data scientist roles in any area of tech. That's a huge field. Most of them are also qualified for general software engineering roles; some of the people with more theoretical backgrounds might not be.
- smaddox 8y agoIf that's true, it's only a matter of time until they get sued and lose a large class action suit.
- lifeformed 8y agoWell, being an employee gives you exclusive access to the best fund in existence by far (35% return every year for decades). Nobody is going to want to kill their golden goose.
- woah 8y agoExtreme secrecy plus consistent very high returns sounds like the hallmarks of a ponzi scheme
- auntienomen 8y agoThe fund contains only employee money. That's a very clever ponzi scheme if it is one.
- deleted 8y ago[deleted]