[ApolloFortyNine]

From what I can tell this is a full ban (except for senior leadership), is that correct?

This is definitely an overall good thing for workers, but I do think a non compete that you are paid your salary during is fair for some industries. The ridiculousness always stemmed from companies being able to control who you worked for while you had ceased to benefit from the company.

[hnburnsy]

>With respect to existing non-competes, i.e., non-competes entered into before the final rule’s effective date, the Commission adopts a different approach for senior executives than for other workers. Existing non-competes with senior executives can remain in force; the final rule does not cover such agreements.

>The final rule allows existing non-competes with senior executives to remain in force because this subset of workers is less likely to be subject to the kind of acute, ongoing harms currently being suffered by other workers subject to existing non-competes and because commenters raised credible concerns about the practical impacts of extinguishing existing non-competes for senior executives. For workers who are not senior executives, existing non-competes are no longer enforceable after the final rule’s effective date Employers must provide such workers with existing non-competes notice that they are no longer enforceable.

https://www.ftc.gov/system/files/ftc_gov/pdf/noncompete-rule...

[tomp]

Yes this is what top hedge funds do.

Non-competes are enforceable while working for the company (obviously lol), so they just ... keep you working for the company, paying you salary+bonus! (E.g. 1 year+ for Citadel, 3 years for RenTech... old info though...)

It's called "gardening leave".