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Skip to contentSkip to site index Search & Section Navigation Section Navigation SEARCH New York SUBSCRIBE FOR $1/WEEKLog in Sunday, November 12, 2023 Today’s Paper SUBSCRIBE FOR $1/WEEK New York|Should Your Ex-Boss Get a Say in Your New Job? Wall Street Says Yes. https://www.nytimes.com/2023/11/12/nyregion/noncompete-ban-ny.html * Share full article * * Advertisement SKIP ADVERTISEMENT Supported by SKIP ADVERTISEMENT SHOULD YOUR EX-BOSS GET A SAY IN YOUR NEW JOB? WALL STREET SAYS YES. Legislation in New York that would outlaw noncompete agreements, a staple at big banks, has led to frenzied lobbying to persuade Gov. Kathy Hochul to kill the effort. * Share full article * * * Read in app Business groups have scrambled an army of lobbyists to warn how a statewide ban on noncompetes would dramatically upend the way they hire and do business.Credit...Hiroko Masuike/The New York Times By Luis Ferré-Sadurní Nov. 12, 2023, 3:00 a.m. ET For high-powered Wall Street and banking executives, one of the hallmarks of the job comes into play only at the end: a signed noncompete agreement. The employment clauses have long been used by big-name companies to prevent top employees from working for a nearby competitor, typically for six months to two years after leaving, allowing firms to protect intellectual property and deter brokers and consultants from poaching clients. But that may soon change in New York. Subscribe to The Times to read as many articles as you like. Luis Ferré-Sadurní is the Albany bureau chief and covers New York State politics. He joined The Times in 2017 and previously wrote about housing for the Metro desk. He is originally from San Juan, Puerto Rico. More about Luis Ferré-Sadurní A version of this article appears in print on Nov. 12, 2023, Section A, Page 21 of the New York edition with the headline: Wall St. Lobbies Heavily to Save Noncompete Deals in New York. Order Reprints | Today’s Paper | Subscribe * Share full article * * * Read in app Advertisement SKIP ADVERTISEMENT SITE INDEX SITE INFORMATION NAVIGATION * © 2023 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions Enjoy unlimited access to all of The Times. See subscription options