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" ... Money does indeed motivate, but not always in the way we want. Because most organizations have only a partial understanding of what behaviors drive performance, they cannot always be sure what they are paying for. Dysfunctional incentive systems will get dysfunctional and sometimes prosecutable results, whether by employees gaming the system or by perverse controls that unwittingly incentivize the wrong behaviors. ... "
" ... That’s of course what made the Washington Post’s almost irony-free reporting on last week’s settlement so comical and sad at the same time. As the Post’s Renae Merle reported, “as with other settlements reached with large banks over the past few years, no individual bank employee is being held responsible for the alleged bad behavior that led to the settlement.” At least Merle correctly referenced the behavior that led to the settlement as “alleged.” It’s important, and it speaks to the weakness of the government’s case. No individual employee was held responsible simply because it would have been near impossible for federal sleuths to have unearthed any prosecutable “bad behavior.” ... "