I was reading that Iain Coucher of Network rail has decided to forego his performance bonus this year to avoid any criticism of NRs performance. I've suddenly thought how ridiculous the idea of bonuses is, certainly above a certain bar. In some ways I can understand the idea of a bit of money at Christmas etc because the company did well but why do we pay people for doing what they should be doing anyway? If I employ a Chief Executive and she spots some waste in the company and sorts it out, that is what she should do and what I pay her for. Why do I then give her extra money for this which implies that if I didn't, she wouldn't bother.
These people sometimes get a few hundred thousand pounds per year to manage large companies. Fair enough. Giving them extra - forget about it, let's change our culture back to one of hard work, honesty and proficiency and forget this nonsense we have introduced.
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