I hope more movers and builders take 100% performance based pay packages.
Pet_Ant•56m ago
That seems like a bad incentive. If someone had a debt to the IRS or a bad divorce and needed the extra money, do you want them to start taking moonshoots with their companies? You want them to do right by their companies not themselves.
Already with performance based compensation you have the problem with rewarding executives with the general market as opposed to their own performance. I mean, potentially Jensen Huang is terrible at his job and Nvidia is only making half of the money it should but the AI boom is covering for it.
100% performance means no one would man the ship of a failing company trying to correct the course.
HacklesRaised•54m ago
Yes, provided the performance is sustainable rather than making a number this qtr or next.
sharts•5m ago
Why? That just incentivizes the wrong things.
FairPayNow•41m ago
It sounds The Economist doesn't want workers to earn what they produce.
armaautomotive•1h ago
Pet_Ant•56m ago
Already with performance based compensation you have the problem with rewarding executives with the general market as opposed to their own performance. I mean, potentially Jensen Huang is terrible at his job and Nvidia is only making half of the money it should but the AI boom is covering for it.
100% performance means no one would man the ship of a failing company trying to correct the course.
HacklesRaised•54m ago
sharts•5m ago