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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: zamboz who wrote (28077)	4/17/2010 9:43:17 AM
From: axial	3 Recommendations Respond to of 71462

'The Fourteenth Banker,' Anonymous Bank Insider, Describes His Moral Crisis: 'The System Is Built To Be Gamed' What's your sense of the top management at your company? I think they're largely captured by the whole [Wall Street] mentality. And I don't know enough to say that it's all out of certain business schools, but I sort of suspect it its. The "Art of War" philosophy that business is a battle, that it's us versus them. That it's a win-lose kind of proposition. I think that kind of prevails... the preeminence of money in the way individual compensation is structured. I think they're captured by that whole mentality. I don't think that they tend to see the whole picture. You have to have curiosity about a lot of different things and have been exposed to a lot of different things in order to have a perspective. And a lot people because they're so specialized they're narrowly focused, so they don't really think how what's going on in their day-to-day world what that might mean for a different part of the organization. What has happened to you when you've spoken up at your job? Well, there's been more than one occasion [laughs]... One thing I have brought up is that the system is built to be gamed. People can game the system and receive large payoffs, and in my view those are violations of ethics. I've called those to attention of supervisors... But then I see the behavior being allowed to continue. The reasons in my opinion are that I don't think these people really grasp what this really is and, two, they benefit. The numbers that are created by the gaming of the system make you look really good. Any incentive system based only on production statistics can be gamed. huffingtonpost.com Jim