Non-Compete Agreements: An Employee Perspective. Ron Hummer

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СКАЧАТЬ Yes, let the people do whatever they want and that will make this industry so much better. Yet, as a result of this, the S&L industry was a disaster.

      People were defrauded and others lost their life savings. Yes, there were some Democratic politicians that were involved in this scandal as well. In any case, that was just one example. This idea that big government should stay away from big business can still work, right?

      Well, I have to wonder if Ronald Reagan would agree with that. There seems to be proof that when he was President, he had the belief that the big problem with the government was that it was interfering with big business and that needed to stop. There seemed to be a lot of problems with people investing money recklessly as a result of Reagan’s policies. What was that called? Oh yeah, Reaganomics. As a result with the banks, there was no government oversight and loans were done recklessly. Once again, disaster struck.

      Yes, I can hear people saying well, didn’t that happen with Bill Clinton as well. What about the Gramm–Leach–Bliley Act where Clinton allowed commercial banks to be deregulated. They allowed just about anyone to get a loan and where did that get us.

      Maybe it’s me but why are we ignoring this? Maybe I’m just an employee with a non-compete agreement that’s unregulated by the government but doesn’t all this demonstrate that all this talk about big government staying out of the way of big business means that we’re ignoring this history of an idea that doesn’t seem to work after it has been tried three times. Or are we saying that the past doesn’t mean anything?

      If you want to ignore this and continue to go along with Republicans, Fox News, and Tim Allen, then that’s fine. 2016 is around the corner. Yes, the Republicans are here to solve all our problems that we have and the first thing that should be done is to eradicate Obamacare. That’s the priority. Forget the fact that unemployment is at it’s highest in the country in decades. That started when Bush was President. Let’s just keep ignoring what has happened in the past and continue to believe that things will change because big government should just stay out of the way of big business. Maybe it will work this time.

      In any case, as long as we’re going to ignore history and continue to believe that companies are so wonderful and that they can’t do anything wrong, then let me give you some other things that you can ignore as well.

      How about what happened at Enron? Some nice work on creating fraud in this company in the accounting department, making Enron file for bankruptcy in 2004. Let’s forget about all the people who lost their jobs and their investments in this company.

      How about AIG? There’s a great story. Selling products that were considered illegal. What was our reaction there? Giving them and Wall Street the largest bailout in history in the tune of $182 billion. And how did Wall Street thank our government that doesn’t want to get in the way of big business? Oh, let’s use that money as Christmas bonuses for all the executives.

      I can go back further than that if you want. How about Prudential Bache. Check out the book, A Serpent And The Rock. Great story of how the brokers were selling fraudulent securities. In fact, many of the people involved in this were convicted felons.

      Now, we can’t even begin to have a conversation about people like this unless we were able to include Chainsaw Al Dunlap. Yes, here was a wonderful CEO who went into a company and fired thousands of people. The ones that remained got his wrath since he was one of the nastiest CEO’s who was famous for saying this to his employees. “I don’t get heart attacks, I give heart attacks.” Besides giving heart attacks, he also cooked the books on the sales parts of his earnings, claiming that he was making more money on summer products that hadn’t been completely purchased during the winter.

      Let’s end this with a little price fixing scandal from Archer Daniels Midland. Remember that. 1993. Companies in Japan, Korea, and Archer Daniels wanted to raise the price of animal feed additive lysine. Executives went to prison. Fines were over $100 million.

      I could go on. Maybe you still want to believe that we should just go ahead and trust companies. Let big government stay out of their way and let businesses do whatever they want. Sure, why not. We should trust them. After all, non-compete lawyers are the ones who justify their contracts based on the fact that employees will steal information. Why should we believe that companies won’t do anything wrong? Again.

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