Zicklin Talks Business: FTC Bans Non-Competes

The FTC recently announced a new rule banning non-compete agreements (NCAs) with the rosy goals of promoting competition and of making it easier for workers to change jobs and form innovative new businesses.
Why do businesses use NCAs? Which uses are most (or least) defensible? Which types of businesses have the most to lose if their uses of NCAs are curtailed? Are there alternatives that businesses can use to gain equivalent protections against the loss of competitive information?
Is the FTC rule consistent with the almost dizzying array of existing state laws that also govern business uses of NCAs? What about non-compete agreements that are written and either not enforced or are not enforceable?
In this session, Larry Zicklin (BBA, ’57) discusses these questions with Lauren Aydinliyim, Assistant Professor of Strategic Management in the Narendra Paul Loomba Department of Management at the Zicklin School of Business and Prof. Matt Marx, the Bruce F. Failing, Sr. Chair in Entrepreneurship at the Cornell SC Johnson College of Business. With an introduction by Zicklin School Dean Bruce Weber and a Q&A session moderated by Associate Dean Gwendolyn Webb.
#zicklinbusiness #FTC #noncompete