Once responsible for defending Waddell & Reed Financial Inc. from legal action, Daniel Schulte switched sides and is suing his former employer for breach of contract.
Schulte was general counsel at Waddell & Reed for 16 years, resigning in February. He also owns a consulting company called DCS Consulting LLC.
When Schulte resigned, he signed a consulting, noncompete and separation agreement. It included an agreement for Schulte and DCS to provide as many as 325 hours of consulting services a year,…
Once responsible for defending Waddell & Reed Financial Inc. from legal action, Daniel Schulte switched sides and is suing his former employer for breach of contract.
Schulte was general counsel at Waddell & Reed for 16 years, resigning in February. He also owns a consulting company called DCS Consulting LLC.
When Schulte resigned, he signed a consulting, noncompete and separation agreement. It included an agreement for Schulte and DCS to provide as many as 325 hours of consulting services a year,…