3 ms·
"A research scientist and senior level employee who worked out of his Pennsylvania home […] His noncompetition agreement prevented Magerman from working for one
by T-A 8y ago
"A research scientist and senior level employee who worked out of his Pennsylvania home […] His noncompetition agreement prevented Magerman from working for one year after leaving Renaissance for any firm engaged in the business of mathematically-based trading of futures and securities." [1]
Not quite lifetime, unless they expected him to drop dead within a year.
[1] https://www.forbes.com/sites/nathanvardi/2017/05/08/inside-the-employment-agreement-of-secretive-hedge-fund-renaissance-technologies/ https://www.forbes.com/sites/nathanvardi/2017/05/08/inside-t...
- auntienomen 8y agoMagerman was an early employee. Not sure his agreement would be typical.