The insidious evil of bonus pay

09/22/2008 | Knowledge@Wharton

Peter Cappelli, a Wharton management professor, says lack of leadership and enormous bonuses for meeting individual goals are at the heart of the banking crisis. "Taking risks to achieve one's individual targets, even if it puts others or the organization as a whole in danger, seems acceptable," he says. "Covering up failures becomes the norm."

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