Noncompete Agreement Quote by Schroeder, Alice
““He added one catch: She must sign a noncompete agreement, a contract designed so that she could never again compete with him. This was something he wished he’d done before. The absurdity of imposing a noncompete agreement on a ninety-nine-year-old woman was far from lost on him. Nevertheless, Buffett was taking no chances.””
About This Quote
Source Book: The Snowball: Warren Buffett and the Business of Life, 2008
Buffett’s non‑compete clause for a 99‑year‑old woman highlights absurd legal overreach to protect business interests.
In simple terms: Legal overreach to protect business.
Key Takeaway
Question unreasonable contractual demands.
Themes
law
business
ethics
Mood
critical
inquisitive
Type
biographical
ethical
When to use this quote
- corporate policy
- employment contracts
- estate planning
Key Concepts
non‑compete
age discrimination
Questions to Reflect On
- Are non‑competes fair for elderly workers?
- What alternatives protect business without oppression?
A Different Perspective
Such clauses can be exploitative.
