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Tuesday, 09 February 2010
The Guardian
National Grid managers to earn bonuses for hitting carbon and financial targets, an initiative which may spread throughout industry and Whitehall Electricity pylons in Suffolk. Photograph: Graham Turner/Guardian Bonuses are wrong, right? If our journey over the economic precipice has taught us anything, it is that bonus schemes promote reckless risk taking, create perverse incentives and breed resentment. Your financial reward is your salary, the bonus is keeping your job. Or was it the scale and structure of the turbo-charged bonuses given to incompetent bankers that created the...
** FILE **Alcoa Warrick Operations employee of 36 years Fred Westbrook, 59, of Evansville, Ind., inspects the finished rolls of aluminum as they come off the last stage of the production line in this April 7, 2006, file photo at the Alcoa Warrick Operations in Newburgh, Ind. The new energy bill requires automakers to sharply boost the fuel economy of cars and trucks, and that means vehicles are sure to become lighter. It's good news for makers of aluminum and carbon fiber, analysts say, while the steel industry is likely to see its piece of the auto-industry pie diminish. (AP Photo/ Daniel R. PatmoreFile)hg3
photo: AP Photo / Daniel R. Patmore File


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