Business people get many undeserved prizes - golden parachutes and bonuses even when companies fail. I don't think people should get rewarded for screwing up.
Sentiment: NEGATIVE
People are pretty simple: they do what they are rewarded for doing. If they get multimillion-dollar bonuses by taking huge risks with other people's money - as they still do - then they will continue to take those huge risks, and not give it another thought.
We're in the doing business, or acting business and creating business. We're not in the results business, so we don't have any control over what the result is. My reward comes in the doing of it.
When you're managing a large number of people, you learn that incentives matter tremendously. You really want people to be rewarded for doing the right thing for the customers and the organization.
Some people work hard in this business and become really popular, really big stars but they never receive an award from within the business. Somehow, when your colleagues and friends believe in you to the point of handing you an award it means so much more.
Awards are so unnecessary because I think we get so much out of our work just by doing it. The work is a reward in itself.
Lots of people have objections to prizes of all types, and it would be extraordinary if everybody agreed on anything that's worthwhile - they never do.
There is something so arbitrary about prizes.
To pay out millions upon millions of dollars in bonuses for incomplete work, poor performance, and unacceptable products is the height of government waste and mismanagement.
Taxpayer dollars should not be used as a reward for contractor executives, especially when other segments of society are hurting.
Incentive prizes work.