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Comments seem divided on whether someone 'in' the industry is the only person that can understand the industry and whether being in it means having a vested int
by pempem 4y ago
Comments seem divided on whether someone 'in' the industry is the only person that can understand the industry and whether being in it means having a vested interest.
For those of us who feel like "well duh obviously, and he should be allowed to do what he wants" I'd bring up that this is a democracy and we can simply make different rules. It is harder as a consultant to invest in an industry that you consult on than it is for a CEO who is advising on the rules that are being written for the industry. this is a problem and rather than having 'ethical considerations' we could make rules to
-limit investment
-require divestment
- disclose and review investments
None of these would be beyond the pale and really the SEC and other bodies should be way more on the ball. The fact that they aren't is a reflection of this kind of one hand washing the other that we need to get out of our government