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FTC chair Lina Khan’s ban of noncompete agreements is on firmer ground than her past overreach

Good morning.

The FTC took action to ban noncompete agreements yesterday, arguing they suppress wages and discourage competition. The rule would be a dramatic change in the U.S. business environment—if it survives court challenges from business groups. I’ve criticized Chair Lina Khan for overreach on antitrust issues, but she may be on stronger ground on this. You can read more here.

Separately, I’m counting down my last days at Fortune and want to share a few more of the quotes we’ve received from CEOs about why what we do here is important to them. First up is Julie Sweet, CEO of Accenture, who is our partner in reinventing the Fortune 500 for the age of AI. You can read more about that here.

“In a world where change is the only constant, Fortune serves as an important guide, delivering timely advice and diverse perspectives that help to shape leaders’ understanding of the business environment and provide context for decisions they need to make. Its focus on innovation, diversity, and sustainability not only mirrors Accenture’s values, but also helps to create a more resilient and sustainable future for business and our communities.”


Julie Sweet, CEO, Accenture

Fortune is indispensable—for providing non-partisan, intelligent, clear-eyed, and objective coverage of the issues and market participants driving the global economy, and for convening leaders to advance the critical discussions necessary to ensure ethical capitalism thrives in the 21st Century.”

—Stanley Bergman, CEO, Henry Schein

Fortune’s approach to sharing insights on industry trends and corporate strategies, often through engaging storytelling and the perspectives and experiences of influential leaders, serves as a well-respected platform to stay informed and connected outside of our own business and professional circles.”

Judy Marks, CEO, Otis

Fortune drives today’s thought leadership agenda for multinational business executives with its embrace of digital technology, world-class storytelling and collaborative conversations. Fortune offers a powerful global and cultural perspective that engages businesses leaders in meaningful ways that truly help them succeed.”

Joe Preston, CEO, New Balance

“As a CEO, and now as an investor, board member, advisor and author, I have found that insightful commentary based on fact and derived from real experiences that affect us all and give us what we all seek, learning moments that we in turn can utilize, to be harder to find and even harder to trust. Not so with Fortune—a source of truth and narrative that is compelling to all of us who seek to make true impact in this world.”

Andrew Liveris, former CEO, Dow

Thanks to all above, and to the great team at Fortune. And if you were wondering what Boeing whistleblower John Barnett said in the testimony he gave before his suicide, read Shawn Tully’s story here.

More news below.

Alan Murray

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