4 ms·
The NDA/non-compete may not enforceable, but if Renaissance believes employees with valuable IP are being poached, they will sue and make it very expensive to h
by ttobbaybbob 8y ago
The NDA/non-compete may not enforceable, but if Renaissance believes employees with valuable IP are being poached, they will sue and make it very expensive to hire, then defend, ex-rentec employees.
https://www.marketwatch.com/story/renaissance-millennium-settle-trade-secrets-dispute https://www.marketwatch.com/story/renaissance-millennium-set...
- JumpCrisscross 8y agoThey’re totally up front about this requirement, too, when making offers. (Source: I turned one down.) You are to move to Long Island, buy a house, buy into the employees-only fund and work there for the rest of your financial career.
- WrtCdEvrydy 8y agoLOL, No. How do you even enforce that? If I get a job somewhere else, there's no reason for me to disclose where I'm going.
- qaq 8y agoThey will prob run regular checks and you are prob. signing off on them having a right to do so.
- JumpCrisscross 8y ago> How do you even enforce that? By suing your new employer for $20 million [1]. (On the other side of the coin, they offer like a month of paid vacation a year, plus longer sabbaticals every few years, plus tons of benefits...if Long Island and math are your thing, it's a very nice place to work.) [1] https://www.marketwatch.com/story/renaissance-millennium-settle-trade-secrets-dispute https://www.marketwatch.com/story/renaissance-millennium-set...
- throwawaymath 8y agoThat's interesting. Did you apply, or did they find you? I could see that offer being attractive.