(I cannot accept this as analysis.

Charles, I understand your apprehensions about Jeremy’s promotion but consider that he
has been a constant source of energy and enthusiasm and an indispensable asset to us by
solving the problems that could have brought the team to halt. Jeremy's commitment to the
company was never in question as he was always ready to put in the extra hours whenever
required. As for not firing him immediately, he was the lead programmer for the project
Terrapix 2.0 which was soon to be launched. He was the backbone of the project and thus,
we could not afford to lose him so close to the launch. I have considered this decision by the
following criteria:

 He has been an efficient employee who successfully completed the beta-test

programme ahead of schedule and has displayed leadership qualities in the past by
managing a group of five programmers.
 On consulting Jill, I found out that we don't have a formal policy about moonlighting in
our company. I confirmed it with Jeremy and made sure that he wasn’t working for a
direct competitor and hence, was not in violation of our non-compete agreement.

Jeremy Hicks has been able to maintain the admirable pace at work. Hence, he was
promoted by me despite the moonlighting situation after careful consideration of the
mentioned factors. After rigorous deliberation, I have concluded that the pros far outweigh
the cons. Although, I do want to point out that avoiding such incidents would be appropriate
for the long-term interests of the company. For that, we can work on the following action plan
for better handling of a similar situation.

Action Plan: 

1. To introduce a policy which will ensure that no employee ever indulges in

moonlighting and effectively communicate to all employees that if anyone is ever
found moonlighting, it will have a direct impact on performance appraisal.
2. Despite this, if anyone is found utilizing company resources and moonlighting
after multiple warnings, the company reserves a right to take strict action against
the employee which can include termination from the employment.