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by gorbachev
950 days ago
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The compensation model in investment companies is such that they will not be able to pay employees well compared to how much value they bring in, unless you're a partner. Furthermore the industry attracts the sort of people who are never satisfied with what they got, and are always looking for more. Not that I'm advocating for non-competes, just saying that you can't address the concerns non-competes are attempting to address by "paying employees well". |
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There's definitely an argument here that those companies deserve to be out-competed then.
I'm not saying to ban any of these practices, but the legal system doesn't have to guarantee the feasibility of companies.