For example, rewarding Wall Street's outsized risk-takers with immediate bonuses, no matter how their trades worked out, turned out to be, well, disastrous.
That should help discourage them from doing deals that produce big short-term profits (and up until now big immediate bonuses) only to fall apart a few years down the line.
The New York Times Company is paying its new chief executive, Mark Thompson, an annual salary of $1 million and an immediate signing bonus valued at $3 million.
NEW YORK TIMES Jefferies to Pay Immediate Cash Bonuses | Jefferies, which agreed to sell itself to the Leucadia National Corporation, plans to pay year-end cash bonuses to employees immediately, Bloomberg News reports, citing a staff memo.
This provides +1 population to every city, which provides an immediate and powerful bonus over the settling bonus: increase growth in one city.
Under the new contract, the workers, whose annual salary averages $50,000, will receive an immediate 8percentt ratification bonus, a 2percentt raise in the second year, and 2.5percentt in the third.
Whoever wins the bidding process - almost certainly the company that is prepared to offer the highest proportion of profits to the Brazilian exchequer - will be required to pay an immediate up-front bonus of $5bn £3.1bnn) to the government.
"The New York Times Company is paying its new chief executive, Mark Thompson, an annual salary of $1 million and an immediate sign-on bonus valued at $3 million...
"Many who would have delayed the decision to "think about it" are inspired to take immediate action because the bonus is so compelling and something that they know they want sooner rather than later," she says.
