Rising Star
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Rising Star
Also, would it be viewed as a step up career wise to go from a global CLO role at a company doing ~$750 million/year in revenue to a regional GC role (such as GC for the americas) for a company where that region is doing ~$10 billion/year in revenue? Currently have management responsibilities at the smaller company (exec team, etc) that I wouldn’t have at the much larger company.
I'm not saying money is everything, but it's also not nothing. The primary reason for doing a job is to get paid. So how much you get paid for how much work is a pretty integral piece of the equation.
In most states a lawyer can’t even agree to a non compete for legal services per Rule 5.6 but bizarrely NY Courts will actually enforce them.
If they aren't really a competitor, then (1) they don't have a real economic interest in enforcing the noncompete, and (2) they may ultimately lose in court if you litigated, but that doesn't mean it wouldn't be expensive or that their case would be frivolous. The real question is how spiteful is your company? You work for them, so you should have some idea.
Enthusiast
I doubt they would enforce this, especially if you leave the company in a good position with a successor in line.
What’s the salary differential? Is there an opportunity to step up further into a global role at the new company?
Rising Star
The base salary I’ve been told so far is similar to my current pay (I’m probably underpaid right now for a CLO) and total is more. I’m sure I can get more when I negotiate. It’s a much larger company although I’m not sure exactly what advancement internally would look like. Advancement would most likely be a move to another company at a more senior position.
Tougher question is whether it’s better to have a more senior title at a small company or a “lower” title at a much larger company where I’ll be dealing with a bigger set of issues. Reality is that I’ll probably have to take a less senior title at any larger company.