You've missed my point. I'm not commenting on Voleon's non competes. I'm commenting on the fact that CA's noncompete laws make it challenging to run a business like Voleon.
I wonder how this article is going down in the Berkeley stat department...
If you have negative opinions of the finance industry in general, I can't do much but remind you that it's a large and varied industry and that your opinions are priors you should expose to relevant data.
Moreover, it raises the question of who truly benefits from these charitable contributions. For example, Ikea is owned by a charity for tax optimization purposes. The mission of the charity is to promote interior design and architecture. Essentially, strategic investments that will ultimately benefit Ikea itself in the long run.