“Major business interests, including Wall Street firms and the state Business Council, lobbied Hochul to reject the ban on noncompete clauses, arguing they are necessary to protect trade secrets and retain talent.”
The Legislature offered Hochul her own $250,000 salary cap, indexed to inflation with medical workers exempt, and she vetoed it anyway on a Friday night before Christmas. The same night she signed the LLC Transparency Act after an amendment that hides the owner database from the public. Tenants still can’t find out who their landlord is. Wall Street keeps its noncompetes and landlords keep their masks.