The Deadly Sins of Incentive Compensation
I’m a huge fan of commissions, bonuses, and other incentive comp schemes, when done properly…
I’m a huge fan of commissions, bonuses, and other incentive comp schemes, when done properly…
During a [month] in which the most hotly debated news topic has been the quality of decision-making by senior federal government officials, my nominee for the worst decision is VA Secretary Eric Shinseki’s parting gesture not only to cancel performance bonuses for senior VA executives, but to ban patient wait time as a measure used in performance evaluations.
According to New York State’s comptroller, Wall Street cash bonuses dropped 14% in 2011.Speaking to Reuters, Comptroller Thomas DiNapoli said that the total amount of money paid out in bonuses should reach $19.7 billion in 2011.