The New York Times reported recently that some companies, like Xerox, are changing the bonus structure to eliminate revenue growth as one of the criteria.
While the point is that growth is not the only important criteria … and some companies are attempting to substitute cash flow as a criterion … the value of the revenue measure is also that it is the easiest to measure and the least susceptible to manipulation. How many stories have we all heard (more…)
We're proud of the "Straight Talk. All the Time" mantra on this site. Jason Calacanis of Maholo.com and founder of Silicon Alley Reporter stays close to that line in his…
<A recent WSJ story about cost-cutting focuses on measures taken to reduce the costs for current employees to forestall personnel cuts that business leaders fear will hurt their ultimate competitiveness.…
You should read the transcript From Ken Lewis testimony before the Financial Services Committee of the US House of Representatives. It is a reasoned discussion of Bank of America's performance…
Business Week recently summarized a concept called a "bonus bank". In short, it is an incentive plan in which a significant portion of annual bonuses, perhaps 1/3, is set aside…
