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This podcast explores the challenges and benefits of a Wall Street CEO's side hustle as a DJ. It delves into the reputation concerns and ethical considerations surrounding this dual life. Additionally, it discusses the conflict of interest and ethical dilemmas faced by an amateur music producer who lands a DJ gig through his connections at an investment bank.
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Quick takeaways
- The reputation of CEOs engaging in side hustles can be negatively impacted if they are seen as distractions and don't add value to their primary role.
- Side hustles for CEOs can raise ethical concerns and potential conflicts of interest, forcing them to make difficult choices between their professional and personal pursuits.
Deep dives
Distractions and Reputation
The CEO of Goldman Sachs, David Solomon, had a side hustle as a DJ which came under scrutiny due to the bank's tumultuous period. Despite Solomons' reputation as a workaholic, his predecessor criticized him for being distracted by DJing and nightclubs. The criticism focused on the belief that Solomon's gigs didn't add value to the bank's business and had negative optics, especially when he performed at a music festival associated with drug use. The episode raises questions about the reputational impact of side hustles for CEOs and the kind of side hustles that are considered acceptable.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode