Someone with half your IQ is making 10x as you because they aren’t smart enough to doubt themselves
Maybe the easiest lucrative job in finance is:
Take a job at a hedge fund.
Get handed an employment agreement on the first day that says “you agree not to disclose any of our secrets unless required by law.”
Sign.
Take the agreement home with you.
Circle that sentence in red marker, write “$$$$$!!!!!” next to it and send it to the SEC.
The SEC extracts a $10 million fine.
They give you $3 million.
You can keep your job! Why not; it’s illegal to retaliate against whistleblowers.
Or, you know, get a new one and do it again.[…]
The theory here is that the US Securities and Exchange Commission has a whistleblower protection rule that says that “no person may take any action to impede an individual from communicating directly with the Commission staff about a possible securities law violation, including enforcing, or threatening to enforce, a confidentiality agreement.”
[…]
OpenAI whistleblowers have filed a complaint with the Securities and Exchange Commission alleging the artificial intelligence company illegally prohibited its employees from warning regulators about the grave risks its technology may pose to humanity, calling for an investigation.
[…]
OpenAI made staff sign employee agreements that required them to waive their federal rights to whistleblower compensation, the letter said. These agreements also required OpenAI staff to get prior consent from the company if they wished to disclose information to federal authorities. OpenAI did not create exemptions in its employee nondisparagement clauses for disclosing securities violations to the SEC.
