Category: Chenghu

No one owes us a living, not even our leaders

Chenghu, sg mentality

Have you ever read Animal Farm? It’s a book by George Orwell, reflecting events leading up to and during the Stalin era before World War II. The novel addresses not only the corruption of the revolution by its leaders but also how wickedness, indifference, ignorance, greed and myopia corrupt the revolution. While this novel portrays […]

April 25, 2012

Ministerial Pay 2012: What are the incentives?

Chenghu

There is powerful evidence that we have been completely wrong about the effectiveness of financial incentives and extrinsic motivation. Financial incentives often improve performance. But they can also lead to unethical behavior, fuel turnover and foster envy and discontent. Wharton management professors argue that it is time to cut back on money as a chief motivational […]

April 22, 2011