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> Nobody can expect to have a side interest in an app that works against their employer Really? So if my wife works for Google and I work for Facebook, she has
by dboreham 1y ago
> Nobody can expect to have a side interest in an app that works against their employer
Really? So if my wife works for Google and I work for Facebook, she has to get me to quit Facebook? Or if my wife works for Google and I found a start up making a search app, then she has to get me to wind up my start up?
- 1234letshaveatw 1y agoMore like - if your wife works for Facebook and also owns a slice of twitter. You are really reaching here
- FireBeyond 1y agoGuess I better divest my tech stocks then! Because I work for a tech company, and some of the stocks I own could, tangentially or otherwise, be competitors to my employer.
- 1234letshaveatw 1y agoWhat a gotcha! You nailed it this time, that's exactly the same
- Spooky23 1y agoIf you work for the government you have to disclose outside activity. This administration sucks, but being a shareholder isn’t the same as your spouse just working on a project. She should have resigned a long time ago.
- BobaFloutist 1y agoSo anyone with S&P 500 index funds in their retirement account can never work for any company you could consider a competitor to any of the 500?
- Spooky23 1y agoSome employees may have contracts that have ethical clauses for outside activity. The person in this case worked for the US Government, and is subject to ethics laws and agency policy. In most cases, a mutual fund isn’t an ethical issue for most roles - although in a more normal time some elected officials would put investments in blind trusts to ensure there wasn’t an appearance of corruption. Owning a portion of a private company run by your spouse whose principal activity is directly opposed to those to whom you serve at the pleasure of is going to be a problem. If you fail to report it, you’re going to get fired.