My teacher (organizational psychologist) was warning banks before the 2008 crisis about their bonus culture, precisely because they don’t have enough skin in th

My teacher (organizational psychologist) was warning banks before the 2008 crisis about their bonus culture, precisely because they don’t have enough skin in the game. Also, as an employee, I don’t have enough skin either. I could get fired, I might not be promoted. That’s a whole different level than that one could lose everything immediately as some entrepreneurs.