Scorched Earth--Or a way to send a STRONG message to your employees and competitors (1 Viewer)

[Lehigh98]

My friend owns a PE company and has a number of portfolio companies that he owns outright. I was talking to him today and he mentioned a situation at one of them where last week, a key employee tendered his resignation for a local competitor. The employee had a 5-year non-compete clause that specifically named his new company as a restricted from employing him.  

My friend immediately sued the employee and feels that the court will enforce the non-compete albeit for a shorter term. He also found the names of the salespeople and engineers at the competitor and made all of them offers at 15-20% above market. Opposing counsel called his attorney and asked for a moratorium on recruiting each other's staff and he told him to pound sand.  

I am pretty sure his remaining employees will think twice before violating their non-competes and his competitors will be similarly careful.

He's probably like 5'3" right?  Sounds like a Napoleon complex.

 

[NotSmart]

He's probably like 5'3" right?  Sounds like a Napoleon complex.

I was thinking it reminded me of roid rage, or too much T for his Low T.

 

[chet]

ToolFest 2019

Really hurts coming from a winner like you.