Reminds me of a saying.... "What would you call 100 Wall Street brokers at the bottom of the sea...." --Mike
--- On Wed, 2/4/09, Shearon, Tim <[email protected]> wrote: From: Shearon, Tim <[email protected]> Subject: RE: [tips] The Power of Really Huge Positive Reinforcement To: "Teaching in the Psychological Sciences (TIPS)" <[email protected]> Date: Wednesday, February 4, 2009, 7:31 PM Mike- Well, this "rule" only applies to those working at companies who ask for a bailout and only "from now on". Perhaps it will serve more of a function to placate some of the concerns of those of us on more meager incomes and expectations! :) On the other hand, is what is claimed actually true? It would seem from the events of this year that if these (I'm trying to keep this clean) fine folks, our best and brightest financial minds, are the ones who got us into this mess, to be honest, I'd just as soon they did stay home and wait till things "get better"- forever if that pleases them. Maybe someone who cared about more than just their bottom line could do just as well for a lot less damage. :) (With the rats we can manipulate the genes and breeding a bit). All said a little tongue in cheek. Tim _______________________________ Timothy O. Shearon, PhD Professor and Chair Department of Psychology The College of Idaho Caldwell, ID 83605 email: [email protected] teaching: intro to neuropsychology; psychopharmacology; general; history and systems "You can't teach an old dogma new tricks." Dorothy Parker -----Original Message----- From: Michael Palij [mailto:[email protected]] Sent: Wed 2/4/2009 4:28 PM To: Teaching in the Psychological Sciences (TIPS) Cc: Mike Palij Subject: [tips] The Power of Really Huge Positive Reinforcement Given that President Obama wants to cap the salaries of executive receiving federal monies (i.e., the TARP or "Bailout" funds) to a mere $500K, a number of people have raised concerns about whether that will cause people in the financial services to leave (possibly to do nothing until their expectations of adequate compensation are met). This brought was home, at least to me, when analyst Meredith Whitney was interviewed on the Bloomberg channel (yes, that Bloomberg) this morning. Quoting her: |"No one goes into Wall Street to save the world," Whitney |said today in an interview on Bloomberg Television. |"Compensation is the motivating factor." ... |Failure to pay employees well would drive away "the best |and the brightest," Whitney said. " http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7X.nROiVi1k Screw intrinsic motivation, that's for chumps and second-raters. The "Best and the Brightest" want the "BIG BUCKS". Or at least that's one message that seems to be sent. What will we do when the rats will only press the bar if the food pellets are really, really huge? -Mike Palij New York University [email protected] --- To make changes to your subscription contact: Bill Southerly ([email protected]) --- To make changes to your subscription contact: Bill Southerly ([email protected]) --- To make changes to your subscription contact: Bill Southerly ([email protected])
