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And whenever corporate profits flagged, the response was mindless across-the-board cost cutting that took little account of individual divisions' performance.
While Mr. Dimon of JPMorgan does not intend to request a bonus, his deputies are expected to receive bonuses based on their divisions' performance, said people briefed on the situation.
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The categories are the same corporate performance, division performance, personal performance.
Admission to performance ensembles (upper-division performance courses) is by audition.
The company executives are in a far better position to appraise and evaluate division performance.
Part of that is attributed to the fact that the merged company is putting some expenses into the operating divisions that it formerly carried below division performance, the company said.
It sold its oil operations in recent years and will now consist of four chemical divisions: Ashland Performance Materials, Ashland Distribution, Valvoline and Ashland Water Technologies.
Performance - Three divisions will monitor performance, service quality and financial performance.
The division's performance at Cambrai was sufficiently good to rank it as one of the most effective British divisions during the Hundred Days Offensive.
They also define plans, programs, and activities they believe are essential for their division's performance.
Nespresso's chief executive, Richard Girardot, was low key about his division's performance.
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