3 ms·
> My current non-compete is in the finance industry and uses paid salary during garden leave as a way of avoiding non-compete laws More often than not they wil
by blitzar 3y ago
> My current non-compete is in the finance industry and uses paid salary during garden leave as a way of avoiding non-compete laws
More often than not they will quite happily waive the non-compete and the pay - a sensible arrangement for all concerned.
- renewiltord 3y agoYes, this happens often enough but for those who it doesn't, the salary isn't really enough. You'll drop from almost a million to a few hundred k.
- emidln 3y agoWe're told from the start to live within our salary and investment returns. If you make $200k base, usually make about $1m TC and choose to spent all of your cash every year, I don't feel esp bad for you. The operative word from VR is variable. Leaving, not negotiating a sign-on bonus with the new firm, and getting your garden leave enforced isnt much different than a bad year wiping out your VR, except you have to make your own mistakes at every turn to put yourself in that situation.
- renewiltord 3y agoAbsolutely true. Just illustrating it's not a vacation. You're missing out on productive years. Most people I know did a FAANG stint.