AGI

Rewarding Failure

March 16, 2009

How can the $165 million that AGI is paying employees be considered bonuses if awarded for failure and not success? And that’s just the start. The bonuses are part of $450 million to be doled out.

Some of my vanished retirement money came from annual bonuses while working at two Fortune 500 companies. Every manager knew never to count on anything extra until the checks were in hand. Why? The bonuses were tied directly to performance: performance of the company, performance of the business unit, and performance of the individual. Read More

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