When workplace bonuses backfire
The gelignite of incentives
“If you have a dumb incentive system, you get dumb outcomes.” The late Charlie Munger was endlessly quotable, but this pearl of pith from the famed investor is one that every manager should remember.
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This article appeared in the Business section of the print edition under the headline “The gelignite of incentives ”
Business October 12th 2024
- Big tech is bringing nuclear power back to life
- Can Mytheresa make luxury e-commerce a success?
- Can Israel’s mighty tech industry withstand a wider war?
- Ratan Tata, a consequential and beloved figure in Indian business
- China is writing the world’s technology rules
- When workplace bonuses backfire
- Masayoshi Son is back in Silicon Valley—and late to the AI race
From the October 12th 2024 edition
Discover stories from this section and more in the list of contents
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Why Microsoft Excel won’t die
The business world’s favourite software program enters its 40th year
The trouble with Elon Musk’s robotaxi dream
Scaling up self-driving taxis will be hard, and competition will be fierce
Sir Jim Ratcliffe, chemicals magnate turned sports mogul
The British billionaire is buying up teams from sailing to football to cycling
Masayoshi Son is back in Silicon Valley—and late to the AI race
This isn’t the first time the Japanese tech investor has missed the hot new thing
China is writing the world’s technology rules
It is setting standards for everything from 6G to quantum computing
Can Mytheresa make luxury e-commerce a success?
It reckons it can succeed where Richemont has failed