Last week, the Federal Trade Commission (FTC) banned non-compete agreements. Some employees were happy. Many employers were not. If you are not familiar with a non-compete agreement, it is a legal document that often prevents an employee from leaving a company to work for another competing company in the same industry. Those who are opposed to these agreements feel they often force employees to stay in jobs. Those who support non-competes say they help to keep trade secrets and other confidential information about a business in house and out of the hands of competitors.
The FTC approved the new rule with a 3-to-2 vote. This decision will ban non-compete agreements for all workers when the regulations take effect in 120 days. A few exceptions still exist, as with senior executives.
The FTC commissioners voted along party lines with the Democrats swaying the decision. The U.S. Chamber of Commerce stated it would seek legal action to block "this unnecessary and unlawful rule and put other agencies on notice that such overreach will not go unchecked." An estimated 30 million Americans are bound by non-compete restrictions, according to the FTC.
I have been on both sides of these agreements. As an employee, I was required to agree to one in my 20s in order to have the opportunity to earn stock in a start-up company I was to launch. I was worried that, if the company failed, I would be quite limited in what jobs I could then apply for in the industry. I ultimately decided that the benefits far outweighed the risks, and I am glad I made that choice, as it worked out great for me. Even so, I had some hesitation.
As an employer, I require our sales reps to sign non-competes, which is common in the industry. As a company owner, I now understand why these documents are important. I didn’t invest everything I own into my company only to teach others how to go out and compete against me, taking our customer lists, operating plans, vendor agreements and other employees with them.
Like most aspects of life, there has to be a middle ground that can help protect the employees and the employers. The pendulum just swung hard in one direction, and I suspect it will swing back equally hard with legal actions. Who knows where it will end? The unfortunate part of this debate is that it will prove to be yet another unnecessary wedge between employees and employers that will distract us from efforts to make America’s economic engine go full steam ahead. And, as happens all too often in these situations, the only ones who will win will be the lawyers.
Have a memorable Monday, and thanks for reading.
Shane Goodman
President and Publisher
Big Green Umbrella Media
shane@dmcityview.com
515-953-4822, ext. 305
www.thedailyumbrella.com
See Shane Goodman's previous columns here. |
|
|
Clear Mortgage meteorology
We’ll see a dry and breezy Monday, and most of Tuesday also looks dry. Rain chances return Tuesday night and off and on into Saturday.
For help with pre-approvals or refinancing, get in touch with Originating Branch Manager Carrie Hansen at carrie.mortgage. |
|
|
| From the April issue of CITYVIEW | | | CARS IN THE CITY
Jeep Wrangler offers an exhilarating ride
By Jackie Wilson
Whenever I see a Jeep, it screams adventure. That rugged look and jacked-up body seem ideal for off-road trips. Maybe it’s from the TV commercials of a Jeep perched on a faux boulder. Regardless, when you take it for a spin, you’re bound to experience an exhilarating ride — even in Iowa.
Jeep lovers agree. More than 5 million Jeeps have been sold since the Wrangler debuted in 1986. According to the Jeep website, 80% of those are still on the road today, signifying staying power. | | | READ MORE |
|
|
| CITYVIEW's Best Of Des Moines® | | | The results have been tallied and published in the February issue of CITYVIEW and online!
Best Local Car Dealership (Foreign)
1. Willis Automotive
2. Toyota of Des Moines
3. Smart Honda
Read all the results now!
|
|
|
| Featured home for sale | | |
$399,000 2090 S.E. Browns Woods Ridge, West Des Moines, IA 50265
Stunning 1974 modern 2 story walkout on a private, wooded lot nestled between 2 State Parks. With soaring windows, the views are spectacular. The impressive home features 20- foot ceilings, eat-in kitchen with fireplace, formal dining space, rock climbing wall, primary bedroom, 3 additional spacious bedrooms, and loft area.
See the listing here.
| | | See More Homes For Sale |
|
|
| SOLD: Featured commercial real estate transaction | | | 101 S.E. MAIN ST.,GRIMES
SALE DATE: 2024-01-31
SALE PRICE: $675,000
SELLER: 101 SE MAIN GRIMES LLC
BUYER: KAS GRIMES LLC
ACRES: 0.199
SQUARE FEET: 2,204 |
|
|
| From the April issue of Bondurant Living magazine | | | The gift of a future
Residents share their stories of organ transplants.
By Darren Tromblay
A mother’s second gift of life
Every organ transplant story is unique in its own way, each a story of the giving and receiving of life.
Ted Cochran’s is no different.
Cochran had lived with kidney issues his entire life. In 2006, at the age of 26, things had gotten so bad that it became apparent to his doctors that, in order to prolong — and save — his life, it was time for a transplant.
He was suffering from long bouts of fatigue. His body, unable to filter out the things it normally would with a healthy kidney, was extremely tired. His energy level was off-the-charts low, especially in the final few months. His body was swollen. | | | READ MORE |
|
|
Chocolate romance made Jorge Amado "the South American Hemingway" in 1945 with the Brazilian writer’s “The Violent Land.” That novel's most famous line was "The best cocoa is fertilized with human blood." Chocolate romance is becoming very expensive 75 years later. The International Cocoa Organization said global cocoa supply is anticipated to decline by almost 11% compared with just one year ago. Commodities research leader BMI says illegal mining poses a significant threat to cocoa farms in world cocoa leader Ghana, destroying arable land and poisoning water supplies. That problem is becoming increasingly relevant in the world No. 2 producer, Ivory Coast. The issues are being magnified by deforestation carried out to increase cocoa production. Since 1950, Ivory Coast has lost 90% of its forests, while Ghana has lost around 65%. Cocoa prices have more than tripled one year over and risen 49% in the last month alone. (WSJ)
Ritz is debuting Buttery-er, a brand-new, limited-release butter-flavored cracker today. To celebrate, the company is giving away a $100,000 24-karat solid gold bar in the shape of a stick of butter and designed by Greg Yuna. To win, butter enthusiasts are encouraged to “showcase their Buttery-er selves” by creating a TikTok video using the Live Buttery-er TikTok effect created by Ritz. The effect will be available on TikTok starting at 11 p.m. CDT on May 1, with the contest running through May 20 at 11 p.m.. (Food & Wine)
Today's deals. Red Lobster (3838 Westown Parkway, West Des Moines) has a Monday special of lobster and shrimp dinners for $20... Eastside Eddie’s (3517 E. 26th St., Des Moines) Monday special is ham and Swiss sliders with fries for $10... Tito’s Lounge (3916 Urbandale Drive, Urbandale), home to top notch cevapi, pljeskavica and smoked kulen, offers all you can eat wings Mondays... Wallace Centers of Iowa introduces new chef/food programmer Saralyn Smith with the first of three "Meet the Chef" five- course dinners at the Des Moines Wallace House (756 16th St.) tomorrow. Reservations - https://wallace.org/
— Jim Duncan, jd91446@aol.com |
|
|
| CITYVIEW Home Improvement Guide | | | Learn how area residents have transformed their homes and properties.
• MAIN FLOOR MAKEOVER
• FORMER FUNERAL HOME FLIPPED
• FUNCTIONALITY AND STYLE KEY TO NEW DECK | | | READ NOW |
|
|
FROM KCCI: Finding a needle in a haystack: Osceola family looks for precious memory in tornado wreckage
OSCEOLA, Iowa — Joe and JoAnn Franksain have 75 years worth of family photos, keepsakes and priceless mementos. It's now all scattered across their yard after a tornado ripped through their Osceola home. ...READ MORE FROM KCCI
FROM WHO-TV: “It was mayhem”; Pleasant Hill man recalls night of severe weather
PLEASANT HILL, Iowa — Those in the Pleasant Hill area are dealing with a lot of debris from trees and houses after a tornado swept through the area on Friday night. Josh Little and his family were in the basement when the storm swept through. Little recalls feeling a lot of pressure for 10 to 15 seconds and then it was over. But the damage he saw after the storm passed was not what he expected. .... READ MORE FROM WHO
FROM WOI-DT Local 5: Pottawattamie County EMA: 1 dead of injuries sustained in Minden tornado
MINDEN, Iowa — One person has died following a tornado in Minden Friday evening, according to the Pottawattamie County Emergency Management Agency. The deceased person sustained injuries in the tornado and was hospitalized prior to death......READ MORE FROM WOI-DT Local 5 |
|
|
ESPN: Texans WR Tank Dell wounded in Florida shooting... READ MORE
SPORTS ILLUSTRATED: Shohei Ohtani Smashed Hardest Hit Ball of 2024 in Dodgers' Win Over Blue Jays... READ MORE
USA TODAY Sports: Two-time WNBA MVP announces her retirement after 16 seasons . .. READ MORE |
|
|
2004: World War II monument opens in Washington, D.C.... READ MORE
1992: Riots erupt in Los Angeles after police officers are acquitted in Rodney King trial ... READ MORE
2004: The end of the road for Oldsmobile: On April 29, 2004, the last Oldsmobile comes off the assembly line at the Lansing Car Assembly plant in Michigan, signaling the end of the 106-year-old automotive brand, America’s oldest. ... READ MORE
|
|
|
| Birthdays and notables | | | Happy Birthday Scott Cooley, Aaron Tecklenberg and Christi Adams!
These celebrities were born on this date: Zubin Mehta, Duane Allen, Tommy James, Jerry Seinfeld, Leslie Jordan, Xochitl Gomez, Uma Thurman, Willie Nelson, Katherine Langford, Bailey Payne, Master P, Michelle Pfeiffer
SUBMIT: Send your birthday greetings and congratulatory notes to: tammy@iowalivingmagazines.com |
|
|
The answer to yesterday's riddle:
Why would a pig dressed in black never get bullied? BECAUSE BATMAN PROTECTS GOTH HAM! - Gail Tomlinson. OR Because he's a Harley HOG! - Carolyn Rogers. More answers from Rex Post
Today's riddle
What’s a forklift?
Have a guess? Email tammy@iowalivingmagazines.com |
|
|
To advertise in the Daily Umbrella or CITYVIEW, contact:
Mary Fowler
Account Executive
515-953-4822 x311
c: 641-485-0555
mary@dmcityview.com
©Big Green Umbrella Media, Inc., all rights reserved.
www.biggreenumbrellamedia.com. Add webmaster@dmcityview.com to your address book to ensure delivery. Did someone forward you this newsletter? Click here to get it delivered to your inbox for FREE!
|
|
|
This email was sent to:
email@example.com
Big Green Umbrella Media, Inc.
8101 Birchwood Ct Suite D
Johnston, Iowa 50131
|
|
|
|
