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Activision is suing Netflix over "poaching" a former executive
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<blockquote data-quote="FAST6191" data-source="post: 9289550" data-attributes="member: 32303"><p>It is fairly common in much of the world, especially the US, and especially for high value employees (and anybody in the C?O roles* will be that) to have a contract signed detailing their terms of work, what they do on social media, their compensation (can be stock options, profit shares, performance based and more in addition to a basic salary), how long they will work for the company for (sometimes you even see people put through university to in turn be asked to work for the company for a few years), what they are allowed to do after leaving the company (several companies have been taken out when someone leaves and takes their team with them), what things made during company time belong to, what things made outside company time belong to (it is rarer now but for a few years a lot of companies said anything made outside company time is ours too) and so on.</p><p>Sometimes these contracts are considered invalid in some terms (many court cases over this one), other times you find people with hand caught in the cookie jar but as they were not fired properly according to what their contract said they still got to keep their severance pay.</p><p></p><p>Here is a shorter one but still a decent example of a chief financial officer</p><p><a href="https://www.sec.gov/Archives/edgar/data/1166003/000119312504197306/dex102.htm" target="_blank">https://www.sec.gov/Archives/edgar/data/1166003/000119312504197306/dex102.htm</a></p><p>Different companies might negotiate different aspects.</p><p></p><p>*C?O, sometimes seen as CxO though CXO is also short for chief experience officer, is short for chief something officer. Technical, operating (boss of all bosses, give or take the board), financial, personnel... <a href="http://cxosearch.com.au/wp-content/uploads/2017/01/Cxo-Search_List-of-chief-officer.pdf" target="_blank">http://cxosearch.com.au/wp-content/uploads/2017/01/Cxo-Search_List-of-chief-officer.pdf</a> and many more exist. There are common ones to most companies though.</p><p></p><p>Headhunters still exist in the US and elsewhere, paid rather a lot of money for their services if working in the C?O field too (hundreds of thousands for a single role, though they might in turn be expected to help the transition). Anyway there are often ones without a contract, ones where a contract ended (sometimes you will be brought in for a few years to shake things up according to your skills and let go afterwards), semi retired, company gone bankrupt, company got sold, those that got fired, junior officer that is looking to move up and so forth.</p><p></p><p>In this case I guess it is alleged that the former activision guy still had some years to run on the contract but netflix said come work for us. He quit (you can usually quit but contract might state not allowed to work as/in this industry for a few years) and went to netflix. Netflix presumably would then be said to have known this was the case, and in doing so caused activision a loss as they have to replace him.</p></blockquote><p></p>
[QUOTE="FAST6191, post: 9289550, member: 32303"] It is fairly common in much of the world, especially the US, and especially for high value employees (and anybody in the C?O roles* will be that) to have a contract signed detailing their terms of work, what they do on social media, their compensation (can be stock options, profit shares, performance based and more in addition to a basic salary), how long they will work for the company for (sometimes you even see people put through university to in turn be asked to work for the company for a few years), what they are allowed to do after leaving the company (several companies have been taken out when someone leaves and takes their team with them), what things made during company time belong to, what things made outside company time belong to (it is rarer now but for a few years a lot of companies said anything made outside company time is ours too) and so on. Sometimes these contracts are considered invalid in some terms (many court cases over this one), other times you find people with hand caught in the cookie jar but as they were not fired properly according to what their contract said they still got to keep their severance pay. Here is a shorter one but still a decent example of a chief financial officer [URL]https://www.sec.gov/Archives/edgar/data/1166003/000119312504197306/dex102.htm[/URL] Different companies might negotiate different aspects. *C?O, sometimes seen as CxO though CXO is also short for chief experience officer, is short for chief something officer. Technical, operating (boss of all bosses, give or take the board), financial, personnel... [URL]http://cxosearch.com.au/wp-content/uploads/2017/01/Cxo-Search_List-of-chief-officer.pdf[/URL] and many more exist. There are common ones to most companies though. Headhunters still exist in the US and elsewhere, paid rather a lot of money for their services if working in the C?O field too (hundreds of thousands for a single role, though they might in turn be expected to help the transition). Anyway there are often ones without a contract, ones where a contract ended (sometimes you will be brought in for a few years to shake things up according to your skills and let go afterwards), semi retired, company gone bankrupt, company got sold, those that got fired, junior officer that is looking to move up and so forth. In this case I guess it is alleged that the former activision guy still had some years to run on the contract but netflix said come work for us. He quit (you can usually quit but contract might state not allowed to work as/in this industry for a few years) and went to netflix. Netflix presumably would then be said to have known this was the case, and in doing so caused activision a loss as they have to replace him. [/QUOTE]
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