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The original phrasing wasn't "contribute in local politics" but "take public office". Presumably if you take public office you give up your FAANG employment. I
by DFHippie 5y ago
The original phrasing wasn't "contribute in local politics" but "take public office". Presumably if you take public office you give up your FAANG employment. I don't think anyone is saying you can't vote or petition government for the redress of grievances if you own individual stocks.
- sokoloff 5y agoUnless it’s been edited in the meantime*, the text above is “precludes any publicly elected official or appointee at any level from directly owning individual stocks”. Many publicly elected or appointed roles are part-time (school board/committee, city council, etc.) Even MA state legislators make only $70.5K/yr and MA is one of the highest-paying states for that job. Many of them maintain another full-time job. https://ballotpedia.org/Comparison_of_state_legislative_salaries https://ballotpedia.org/Comparison_of_state_legislative_sala... * https://news.ycombinator.com/item?id=28966192 https://news.ycombinator.com/item?id=28966192 (edit window is 2 hours)
- csee 5y agoYeah, you make a good point. I'd be pretty happy if they just implemented it for full time office holders only (senate, congress, judges) which aren't going to be having jobs on the side that pay equity.