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How dare quants get paid $5m to sit on their couches for two years after leaving their firms! Congress must act!
by nceqs3 4y ago
How dare quants get paid $5m to sit on their couches for two years after leaving their firms! Congress must act!
- closeparen 4y agoNon-competes that pay you at or near your salary during garden leave are a different thing. The bog-standard non-compete in a normal SWE or IT position prohibits you from making a living at all.
- loeg 4y agoThe standard and legal minimum for WA employers is no compensation for the non-compete period. Also, the vast majority of workers that make more than $116k do not make $5 million annually, either before or after leaving their non-compete employer.
- nceqs3 4y agoIt would be 2.5 a year. Non competes are 2y across all of finance.
- jen20 4y agoGardening leave and non-competes are not the same. I doubt anyone feels any affronted by gardening leave.