partner problems

I need to find out: am I over-reacting to this?

I own 50% of a small web development firm, with
another 50% partner.  I am the head developer
coordinating all projects, and doing much of the HTML
and graphics and CGI, etc.  She does sales,
search-engine submissions, odds and ends, catching the
phones, and keeping the books; her programming skills
are weak.

A problem I constantly have with her is her tendency
to do things and not tell me, for example making minor
edits to pages herself or assigning work to our
programmers (all subcontractors) without telling me. 
This results in things being done twice and changes
being overwritten, etc.

Today I discovered she had taken on a new client, a
paving company, and had arranged for graphics - I
found
out when the graphic artist got her email address
wrong and the mockup image wound up in my mailbox
since I'm the default for our domain.

I knew nothing of it and called her, and after various
denials was told (by her husband) that she'd taken the
job outside our company, as a barter job; the web site
in return for their driveway getting paved.

My partner sees nothing wrong with this - if she pays
for the graphics and programming (she says she'll do
it but more likely she's hired someone I don't know
about yet) she figures she should be able to keep all
the money and I need to get nothing.

I feel - strongly! - that since our sales are partly
made on the basis of our existing work, the vast
majority of which I did, all jobs should be company
jobs and the partners should not take on work outside
the partnership.

But I think the fact that she tried to do it on the
sly bothers me the most.

Am I over-reacting?


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