Bankers and their bonuses

February 5, 2010

I think most people are appalled by Bankers giving themselves massive bonuses after being prevented from going bust by taxpayers. There’s a lot I could go on about here, but lets just look at one aspect. The reason we are told why these obscene payouts are necessary are that they are needed to motivate these employees to do well in these “skilled” tasks. Perhaps the banks need to watch this video of Daniel Pink’s talk at TED Global last year.

I’ve just bought Daniel Pink’s book “Drive” which expands on the points made in his talk. Should be interesting.