Quotes about Incentives

The diverse individuals in the community are no longer incentives for talking and judging and condemning, and thus excuses for self-justification. They are rather cause for rejoicing in one another and serving one another.

So long as a society remains economically stratified, the challenge of reconciling lifelong monogamy with human nature will be large. Incentives and disincentives (moral and/or legal) may be necessary.

I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it.

And here it is: the more you share profits with your associates—whether it's in salaries or incentives or bonuses or stock discounts—the more profit will accrue to the company. Why? Because the way management treats the associates is exactly how the associates will then treat the customers. And if the associates treat the customers well, the customers will return again and again, and that is where the real profit in this business lies

They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.

Money is a short-term result that incentivizes short-term decision making.