It looks like government has gone for the legal way of corruption. On Friday I saw this article in The Star, ‘Joburg Roads CEO get R767 000 performance bonus’. (Do you think I could find a link to the article online?)
But hang on here, this cannot be, how can he get such a big performance bonus? Utter bullshit male bovine excrement.
Taking a step back here, lets see how a performance bonus works in the private sector.
Normally, you and your manager, or in the case of a CEO, you and the board set your objectives for the year. Then you get measured on these, most of the time on a 5 point scale, 1 meaning that you missed the boat completely, and you’re on your way out the door if you don’t pull up your socks in the next few months, and 5 meaning that you exceeded expectations on every one of the goals that we set. And in the middle, 3 means that you’re doing a good job. Continue reading Legalised Corruption