This just in from the New York Times:
If performance-based compensation is so problematic, what’s the alternative? One possibility is to link pay to the performance of the whole company. Profit-sharing programs, where companies give a percentage of earnings to employees, were common in the United States before the 1980s, but have mostly disappeared since.
It’s true that they have largely disappeared. To be replaced with stock awards. Which are a manner of giving a percentage or earnings to employees on a permanent basis rather than as just a one off, one year, method of doing so.
I mean seriously, these are the people who should be planning our bright new future?