A full-time executive can leave for a competitor with as much information as an advisor, and advisor expectations are often left implicit. Listen
Rory O'Driscoll argued that any full-time direct report can take a competitor's offer and walk out knowing everything up to their notice, and cannot easily warn the CEO until they have the job. A part-time advisor who is neither employed nor on the board has no fiduciary duty. He said there was probably an implied understanding in the Factory case that 'was never made concrete'. Dev Ittycheria disagreed, arguing employees see siloed information while board-level advisors see the whole strategy.
“There was probably some implicit understanding about the advisor that wasn't fully fleshed out on either side.”
Listen to the episode Episode Leadership & culture Link to this