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."
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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."