When I returned last week to the small city in northwestern Indiana where I live, it struck me that most Americans do not share my feeling that the world fundamentally shifted. They see it as something happening out there. Partly it’s because a lot of my neighbors don’t have retirement funds invested — I live in a youngish, blue-collar section …
Incentive-Based Compensation Destroys Productivity
Wall Street Online (through Yahoo!) is reporting that the stock market has had a major affect on the main compensation method in many industries: incentives. Unless the market increases substantially, with the DJI running back up towards 12 000 or 13 000, the options that were granted for the last five years are not worth what they were optioned at, …