Beware The Ties That Bind

When H.J. Heinz wooed Daniel O'Neill away from a senior-level job at Campbell Soup, he probably should have known better. O'Neill had signed an agreement with Campbell that prohibited him from working for a competitor for 18 months after his departure, and Campbell wasn't willing to let him go. The two companies slugged it out in court and, in mid-February, reached a settlement stating that O'Neill can't work at Heinz for another seven months. Once he finally takes up his new position, O'Neill must keep a daily log of his business meetings for 11 months (which are to be monitored by an independent auditor) to assure no transfer of trade secrets or confidential information.

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