Leadership, “Reputation Matters,” Forbes, April 29, 2024
Trust in leaders is ebbing; job loyalty is tanking; service businesses are getting tougher; so are small businesses; competition is stiffening; interest rates continue to be high; and AI is putting everyone’s job at risk…
So, what is the FTC doing? Doing away with non-compete clauses—one of the few effective ways companies can protect their intellectual property, knowhow, and trade secrets in the Information Age, keeping American companies at the forefront of innovation.
By a vote of 3 to 2, The Federal Trade Commission issued its long-feared ban on non-compete agreements on April 23.
Non-competes may have been overused, but used well, they enable safe and profitable, high-level competition. Most entrepreneurs struggling to make a dent can appreciate this fact…while unfortunately, bureaucrats just may not understand. But they may see the fall-out from what is essentially a near-sighted decision. […read more]