The Federal Reserve Bank of Dallas today named Robert Kaplan as its next president and CEO. Kaplan, who takes office on Sept. 8, is a former investment banker and vice chairman at Goldman Sachs. Since 2006, he has been a management professor and executive at Harvard Business School, where he authored several books on leadership. He is also co-chairman of the Draper Richards Kaplan Foundation. Kaplan will succeed Richard Fisher, who retired in March after 10 years leading the Dallas Fed.
Federal Trade Commission bans noncompete clauses
The Federal Trade Commission finalized a new rule to ban the use of noncompete clauses in employee contracts.