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Tag Archives: bonus
Massively Unjust Executive Compensation Damages Companies and Investments
For years I have believed the massively unjust executive compensation packages have been doing great harm to American businesses. As an investor, one of the big risks that has to be evaluated is how much of the business profits executives … Continue reading
Posted in Deming, Management, Respect
Tagged bonus, Deming, ethics, executive pay, incentives, Investing, motivation, overpaid executives, respect for people
4 Comments
When Performance-related Pay Backfires
When Economic Incentives Backfire by Samuel Bowles, Sante Fe Institute Dozens of recent experiments show that rewarding self-interest with Economic incentives can backfire when they undermine what Adam Smith called “the moral sentiments.” Punished by Rewards, by Alfie Kohn, is … Continue reading
Another Year of CEO’s Taking Hugely Excessive Pay
I continue to do my part to publicize the abusive CEO pay packages that the current crop of unethical CEO’s, and those sitting on corporate boards have supported (Tilting at Ludicrous CEO Pay 2008 – 2007 post on CEO pay … Continue reading
Posted in Economics, Management, Management Articles
Tagged bonus, commentary, economic data, ethics, executive pay, Investing, leadership, overpaid executives
6 Comments
$60 Million Bonus – For all Staff
This is similar to a story I posted last November: Family Business Gives $6.6 million in Bonuses to Workers. I both cases long time owners sold their company to a foreign buyer and then gave a significant amount of the … Continue reading
Family Business Gives $6.6 million in Bonuses to Workers
The PEER Bearing Company (a manufacturer of bearings based in Illinois) was bought out by a Swedish company this year. The family that had owned the company gave surprise bonuses of $6.6 million to the 230 employees of the company … Continue reading
What’s the Value of a Big Bonus?
What’s the Value of a Big Bonus? by Dan Ariely To look at this question, three colleagues and I conducted an experiment. We presented 87 participants with an array of tasks that demanded attention, memory, concentration and creativity. We asked … Continue reading
Posted in Data, Deming, Management, Psychology, Respect, Systems thinking
Tagged bonus, Data, executive pay, experiments, extrinsic motivation, Psychology
Comments Off on What’s the Value of a Big Bonus?
Restaurant Eliminates Tipping to Improve System Performance
Why Tip? by Paul Wachter When he opened the Linkery [the broken link was removed], Porter said, he hoped his employees would become as emotionally invested in the venture as he was, sharing a sense of purpose and joy in … Continue reading
Posted in Creativity, Deming, Economics, Management, Psychology, Systems thinking
Tagged bonus, commissions, extrinsic motivation, Joy in Work, Psychology
1 Comment
Individual Bonuses Are Bad Management
Gojko Adzic provides a nice post on Mary Poppendieck’s presentation at Agile 2008 on bonus, compensation and motivation: Paying programmers: are bonuses bad and what to do about it? In software development, it is very hard to establish the effects … Continue reading
Posted in Competition, IT, Management, Performance Appraisal, Psychology, Respect, Software Development, Systems thinking
Tagged bonus, Deming, Performance Appraisal, programming
1 Comment
“Pay for Performance” is a Bad Idea
Pay for performance is a bad investment [the broken link was removed] by Pete Waters “Teacher pay set by the results” was the headline of a (Baltimore) Sun article I read the other day which suggested that “performance-based bonuses (were) … Continue reading
Posted in Deming, Management, Performance Appraisal, Systems thinking
Tagged bonus, Deming, Performance Appraisal
1 Comment
No More Executive Bonuses!
Henry Mintzberg, wrote an excellent article for the Wall Street Journal today, No More Executive Bonuses! Don’t pay any bonuses. Nothing. This may sound extreme. But when you look at the way the compensation game is played – and the … Continue reading →