Re:IBM to buy HashiCorp in $6.4B deal
by tithe on Wednesday April 24, 2024 @04:57PM
(#40149543)
The timing of this acquisition, and the FTC's ban on non-compete agreements is perfect.
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Usually during an acquisition like this, the key staff are paid out after two years on board the new company. So not a non-compete, but an incentive to stay and get their payout.
Most staff with no equity will leave quickly of course, so the invalidity of non compete will definitely help those souls.
Re:IBM to buy HashiCorp in $6.4B deal
by cratermoon on Wednesday April 24, 2024 @05:33PM
(#40149971)
"golden handcuffs" they call them.
Re:IBM to buy HashiCorp in $6.4B deal
by unstatusthequo on Wednesday April 24, 2024 @09:34PM
(#40152276)
Ban isn’t yet in effect and would have started discussions a while back. Plus, FTC ban is already being litigated by business groups, unsurprisingly.