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> What a double standard. There is no double standard. For the vast majority of CEOs, if they tried to start another company as a side-hustle then they'd also
by LewisVerstappen 3y ago
> What a double standard.
There is no double standard.
For the vast majority of CEOs, if they tried to start another company as a side-hustle then they'd also get fired (and potentially sued).
For the CEOs who can run multiple companies at once, there's several factors
- they founded the company, so they have a majority of voting rights so they can't get fired
- they're so valuable to the company that the shareholders are willing to put up with them running multiple companies at once (and shareholders will definitely grumble about it)
For you, you're not really valuable to the company so if you try to work multiple jobs at once then they have no qualms with replacing you.
If you were a valuable enough IC then you could definitely get into a situation where you're working with multiple companies at once.
People do this with consulting arrangements, where they create a consulting company and are able to work with multiple entities at once because they've given themselves enough leverage to do so.
The issue isn't a double standard. The issue is that you haven't put yourself in a situation where you have enough leverage over the company to work multiple jobs.
- true_religion 3y agoThey’re complaining about the emotional rhetoric around employees working multiple jobs, not the actual mechanics behind why companies disallow it. It sometimes seems that they aren’t as harsh with executives. However, IMO, when companies dialog executives from working multiple jobs they use the same sort of rhetoric: “ceo is distracted, directionless, uncommunicative, unable to see past this conflict of interest, etc.” The board will paint the CEO as some dilettante fop. Look at what happened to Altman, he’s been fired and they insinuated that he’s a lying, double dealing, dirtbag.