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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (33971)	4/27/2008 2:00:38 AM
From: Elroy Jetson	Respond to of 219973

You'll have to take a trip up to Thredbo, being the Southern Hemisphere it's nearly all beginner slopes. There should be good snow in a couple of months. Queenstown and Mt Hutt NZ (south island) have more challenging slopes but that's a 3.5 hour flight away. Hot weather here today in West Hollywood, 34.5°C. .

To: Moominoid who wrote (33971)	4/27/2008 7:35:03 AM
From: elmatador	Respond to of 219973

I concluded that economics is no more than: study how people react to reward. I've been observing this throughout life but have never reached that conclusion before Jan. 2008. People -the protagonists either side, giving and receiving reward- do not deeply study the long term consequences of the reward mechanisms in place. The one's receiving are hard at work trying to maximize reward while removing the risks of not receiving. The ones paying the reward are too busy, calculating how much of their gains go to reward, how much they are receiving for a giving amount of reward and working rules for the reward mechanism since people interprets the mechanism in different manner. I only started looking at the bad side of paying bonus a couple of years ago. Siemens worked like that: would pay a higher salary to Siemens people and the more senior you'd get the more perks you'd earn. then they discovered that at 40, you have earned all perks and no longer have an incentive to go the extra mile. That's when they made a mistake: they started paying bonus to people of a certain level to extract performance form them. The results were terrible. (I hope you saw the corruption scandals that came in the last year or so.) What used to be a 'grease' money here and there became the way of earning business by corruption. The rewarding system is very bad. I've been working in the past 2 years for a company that pays bonus. It is the worse system one can have. They set the numbers. Then people race to get those numbers that were set. But we don't work to produce numbers. We work to produce objectives for the company. Then one would argue: the numbers underlie the companies' objectives, thus if you make the numbers you make the company's objectives. But that is me and only me looking from the angle of what we have to deliver. All other people look only to the numbers and the dates. Give you an example: I left Iran even though I was making good money there. The reason was that the company didn’t provided work permits to us. They kept paying penalties to the government for not having us legally in the country. Why the company did that? Because with a resident permit we could go in and out of the country. We could take our holidays. That was all in our contracts. But that would have had an impact on the numbers. Because we would have been out of the country and production would go down. I gave them a ultimatum, resident permit in one week or I am out of here. they gave me in two weeks and I left because I keep my word. My loss was 2 and half month of salary that were paid last month to all in the project. I was not eligible even though I stay until the 31st December deadline to help make the numbers. Rules say: You need to be an employee of the company by the time the bonus are paid. I wrote that off and got even more against bonuses than I was before. Because the bonus system wakes up the wayomen in every person.