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A bad thing that I've realized about the latter scenario is that it is a vicious cycle. Here's what I mean: 1) You are a loyal employee who works hard and put
by ragnot 5y ago
A bad thing that I've realized about the latter scenario is that it is a vicious cycle. Here's what I mean:
1) You are a loyal employee who works hard and puts in the hours. You promise yourself that you will treat your reports well when you finally get a position of power.
2) You get screwed over by some higher up. You are devastated and everything you worked for is taken away. You vow never to let this happen to you again.
3) You claw your way back but you still hold on to what happened in point 2. You don't want to be a chump again so you take as much as you can (read: screw over others to get your own bonus).
4) Repeat ad infinitum
- mschuster91 5y agoAt that point, it might make sense for a coordinated effort at least between the Western countries to drastically limit if not outright ban bonus payments and other incentive-based forms of compensation, including stock options above a to-be-discussed limit. We have had three to five decades of de-regulation (depending on the country) and if there is one consistency that shows up everywhere is that as soon as you tie personal bonus payments of managers to their ability to mis-treat staff, they will fuck over their staff (and often enough, their company long-term) for their own short-term gains. Everyone suffers in the end, except "activist investors" pushing for short-term garbage optimizations before unloading the toxic company on clueless bag-holders.