I pinched this from The Independent newspaper.
The bonus system has proved to be wrong. Substantial cash bonuses do not reward the right kind of behaviour.
Andy Hornby, former CEO, HBOS.
You don’t say! Doubtless such profound insight is worth all the money he trousered then? We’ve been working on something which proves Mr Hornby, and others to be right on the mark. Shame it took such upheaval to get this issue front of brain. Come back tomorrow and we’ll share our first thoughts with you.
One thought on “Quote of the day”
Tell me about it! I’ve seen people rewarded for selling unprofitable deals, based on the revenue of the deal. Funnily enough,the poor beggars who ended up supportng the operational end of these deals are normally the first people to be told they’re foregoing pay rises and bonuses. How would we sum up the last 20 years in societal terms … Greed – the Great Motivator?!