This piece Amelia Pollard Anjli Raval and I wrote helps explain why the FTc took the radical decision to crackdown on non-competes

By preventing workers from leaving their jobs to seek better opportunities with a competitor, noncompete agreements limit workers' bargaining power & mobility.

Banning them would be a crucial step toward rebalancing power between workers and employers.
twitter.com/ameliajpollard…

About 30mn Americans are under non-competes. Nurses, bartenders making $10/hour and security guards sign them.

Will the FTC finally ban them next week? With Anjli Raval and James Fontanella-Khan. Gift link: on.ft.com/444uw1m

WeWork's looking to raise about $400mn to exit bankruptcy by the end of next month. Plus, the secret firm behind the pseudonym 'Cupar Grimmond' holding debt w/ Sujeet Indap: ft.com/content/ac2842…

Millions of workers are caught in a ‘non-compete’ trap via Financial Times

“What trade secrets can a bartender possess?”

My latest story with ⁦Amelia Pollard⁩ ⁦James Fontanella-Khan⁩ on.ft.com/3TVQvmk

Millions of workers are caught in a ‘non-compete’ trap ft.com/content/d39a04… via @ft

WeWork's looking to raise about $400mn to exit bankruptcy by the end of next month. Plus, the secret firm behind the pseudonym 'Cupar Grimmond' holding debt w/ Sujeet Indap: ft.com/content/ac2842…

What do you get when you combine beautiful mountains, a town with no government, and a developer eager for influence and backed by a private equity firm? Probably something like Big Sky, Montana.

On the future of skiing in the West for Harper's Magazine
harpers.org/archive/2024/0…

NYC earthquake, 2024

Something I’ve been watching for some time.

Blackstone’s Breit advertises a healthy 4.6% distribution. But how close does it come to covering that payout from its over $100bn portfolio of property?

on.ft.com/3PPdIFH

Today’s ⁦The Wall Street Journal⁩

Today’s Due Diligence newsletter:

Brother Jimmy’s and buyouts: Apollo’s expenses scandal resurfaces

on.ft.com/3TzO2hh

The barbarians have breached the toll roads and the Mid kids are taking over

Great edition of DD today:

⁦Antoine Gara⁩
⁦Amelia Pollard⁩ on.ft.com/3TRe5SA

Some news! After a few great years at Bloomberg, I'm starting at the Financial Times next week, where I'll be a reporter and producer with the team behind Due Diligence. I'll cover corporate finance, and will also help out with bankruptcy and distress. Can't wait!!

1/ Even though Rite Aid's bankrupt, its CEO is making $300,000 a month. Its lawyers are making $2,000 an hour. Lenders are making millions. But thousands of opioid victims who have sued the company are expected to get nothing at all. Gift link --> bloomberg.com/news/features/…

I blurbs Melissa Jacoby's forthcoming book, which is all about how bankruptcy has become a magic amulet for corporations to make legal liability for crimes go away

Nancy Zailo lost everything. But Rite Aid's CEO gets $300,000 checks every month, Alvarez & Marsal billed $75 million and Kirkland & Ellis lawyers get $2,000 an hour. Here's Amelia Pollard and Fiona Rutherford brilliantly tying finance to real world bloomberg.com/news/features/…

Factually the bankruptcy process keeps providing #opioidcrisis victims with very little, while corporate execs at companies that pushed and sold opioids aggressively get rich. bloomberg.com/news/features/…

Read this important story:

Really great, harrowing story by Amelia Pollard Fiona Rutherford