Martin,
Thanks for the tip on the article. It is very interesting. The truth is that Dr. Deming told us that this was the way to manage compensation for performance a number of years ago and we failed to listen then. I doubt seriously that anyone will listen now. Each of the problem conditions that you describe has another side and another argument that is equally logical and points to an entirely different set of causative factors. It is frustrating that the debate can't start from what is good for ALL of us and not just some of us because those other people behaved badly and did us a disservice. The extent to which current legislation and rules makes senior managers (more have been fired than have kept their jobs in the past decade or so) accountable for the wrong things and encourages them to find ways to "beat the system." I think that it is time that management educators and researchers turn their attention to designing a system with both sufficient transparency and freedom to do business in a wide variety of markets and in a wide variety of business sizes. Right now it just seems like a political ping-pong game where either one side or the other wins for a while and then we get dissatisfied and let the other side have their turn. We should remember Edmund Burke and encourage good people to do something useful separate from the standard political divisions.
Thank you for stimulating this.
Dr. Don Saracco
Craft Strategies, LLC.
581 Muirwood Drive
Brea CA 92821
949-322-6094 Mobile
310-844-7747 Office
www.CraftStrategies.com
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-----Original Message-----
From: Organizational Behavior Division Listserv [mailto:
OB@AOMLISTS.PACE.EDU] On Behalf Of Martin Evans
Sent: Thursday, January 15, 2009 7:28 AM
To:
OB@AOMLISTS.PACE.EDU
Subject:
Apologies for cross-posting.
This newspaper article on managerial and employee compensation may be
of interest to members of these list.
http://www.wickedlocal.com/cambridge/archive/x1621233862/Guest-commentary-There-s-a-better-way-to-deal-with-CEO-compensation
Moderator: Martin G. Evans
martin.evans@utoronto.ca
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