Eliminate all executive bonuses, says Mintzberg

I am impressed with Henry Mintzberg.

His idea that no specific individual deserves economic credit is worthwhile.

Why not ask franchisees if your executive team deserves their quarterly gravy?

I like his idea that corporations are communities.

He wrote an article on this idea in August.

Beneath the current economic crisis lies another crisis of far greater proportions: the depreciation in companies of community—people’s sense of belonging to and caring for something larger than themselves. Decades of short-term management, in the United States especially, have inflated the importance of CEOs and reduced others in the corporation to fungible commodities—human resources to be “downsized” at the drop of a share price. The result: mindless, reckless behavior that has brought the global economy to its knees.

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