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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (163587)	3/18/2009 1:14:50 PM
From: altair19	Read Replies (2) \| Respond to of 361686

jpg <This part is going to get completely lost in the public outrage> The bad optics at AIG are way too juicy for the pols to get confused by the facts. Bonus plans really touch all kinds of nerves. I had one guy come to me when I was a consultant to a company...not an employee, and request that his lawyer join us to go over the incentive comp plan. I told him that that was the company's call not mine. I did use a pitch with clients when they wanted to design an incentive plan...."any bonus plan longer than a page usually means someone is getting screwed or doesn't understand how incentives link to the business results you are looking for". Had one CEO of a small computer services company adopt an expression I used at a meeting just for fun to illustrate keeping plans simple...."Fix machine...customer happy...get banana!" That became the logo for the plan. He was a funny guy and the incentive plan worked well. He eventually shifted the entire plan to customer satisfaction and away from profits. Profits went up. Altair19