Originally posted by: Pepsei
it exists at most company.
It's who you know and are related to that is 90% of getting promotions.
You can be some kind of wunderkind, but if you alienate everyone around you, rarely will you see advancement.
In counterpointe, you can get by as a relative slacker if you have a close relative on the board of directors / senior management somewhere.
My start in banking at 12 years old (just filing papers and copying) would not be possible if my dad wasn't part of the lead management there. That grew into a really great part-time job in high school where I was making more than my friends made busting ass for a whole week in just a day.
Usually nepotism clauses are for direct reports. I may go work for my brother's company, since he is a regional managing engineer I would report to him directly. There are checks and balances in place to ensure that I would not be unfairly given advancement as all reviews go through the rest of the management (at that same level) for discussion.