Very few of us have perfect self-control, but importantly, many of us are well aware of our limited power to say no. So it's sometimes possible to anticipate times of weakness and devise ways to restrict our own freedom.
Until we develop a culturally-relevant and widely accepted concept of what constitutes poor corporate practice in a specific country or region, we cannot develop mechanisms that effectively promote good governance and stamp out corruption in that location.
It is time, surely, for those of us who want to see important things done in Washington D.C. and in state capitals like Raleigh, North Carolina -- who want Washington and Raleigh to succeed -- to unite together to minimize the impact in both cities of those who want government to fail.
"Doom yourself to horrific climate change by burning all that carbon and releasing all that CO2. Or power down society, reducing total energy usage around the planet. One leads to ecological collapse. The other is a reversion, in many ways, to poverty."
Incentives matter and cultures shift over time. Hard-won operational changes like modifying performance reviews may not be sexy, but the results can be profound. And when it's the world's largest retailer changing its buying criteria, the ripples will likely be felt around the world.
At my friend's parent-teacher meeting to discuss her eighth-grade son, the teacher made a wacky recommendation: my friend should consider bribery to motivate him to work harder in school. I'm not kidding.
Members of Congress currently receive 174,000 smackeroos per year in base salary. What we should do is cut that salary to $100,000 per year, but provide incentives if Congress is able to successfully lower the unemployment rate.
If an employee doesn't have a lot of direct control over company profitability, asking for compensation in the form of stock, stock options, profit-sharing bonuses, etc., is a bit like buying a lottery ticket.
All the mortgage originators that submitted bad loan apps, knowing all along that is what they were doing, did not start off as fraudsters. Senior management made fraudsters, even banksters, out of them.