Oct
18
Labor Board Challenges Secrecy in Wall Street Contracts
By
Wall Street in New York. The National Labor Relations Board is reviewing employment contracts used by the financial industry. CreditSeth Wenig/Associated Press
On Wall Street, moneymaking companies have long relied on confidentiality agreements to prevent employees from divulging their secrets.
But now, the nation’s labor board has challenged some provisions in the contracts that Bridgewater Associates, the world’s biggest hedge fund firm, requires each full-time employee to sign.
The unusual action is calling into question longstanding practices and prompting some companies to re-examine their employment agreements…
Labor Board Challenges Secrecy in Wall Street Contracts
