I hope they begin to reconsider their model of giving multi-million dollar bonuses and 'guaranteed bonuses.' The TED speaker pointed out that when incentivized, workers' range of thought focused rather than thinking about the big picture.
A great deal of the current meltdown was caused by focusing on the immediate task of making the day's trades, but missing the looming crisis of fundamentals. Some called this, "picking up nickels in front of a bulldozer."
Of course they won't. They'd love it if the rest of us gave up monetary rewards and benefits and worked hard for intangibles, and they'd get to keep theirs and most of ours.
Oh, you mean the CEOs will give up their financial incentives? I think they're laughing their collective heads off.
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CEOs and analysts/associates at our fine US financial institutions are probably going to be a little miffed by this talk.
I hope they begin to reconsider their model of giving multi-million dollar bonuses and 'guaranteed bonuses.' The TED speaker pointed out that when incentivized, workers' range of thought focused rather than thinking about the big picture.
A great deal of the current meltdown was caused by focusing on the immediate task of making the day's trades, but missing the looming crisis of fundamentals. Some called this, "picking up nickels in front of a bulldozer."
Of course they won't. They'd love it if the rest of us gave up monetary rewards and benefits and worked hard for intangibles, and they'd get to keep theirs and most of ours.
Oh, you mean the CEOs will give up their financial incentives? I think they're laughing their collective heads off.