Date: December 23rd, 2008

What you reward: Part 1, is what I’ll believe in

23 December, 2008 (09:27) | Capital markets, Regulation, Subprime, Theory, US News | No comments

What you reward gets increased.  So be very, very careful what you choose to reward.
 
For years I ran my for-profit consulting company with cash-oriented compensation.  For any contingent transaction – and most of our work involved contingencies – we never counted fees until we had them in hand.  At year-end, we’d examine all the receivables, [...]