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Submission + - How Sales Targets Encourage Wrongdoing Inside America's Companies (bloomberg.com)

hwstar writes: This story illustrates one of the fundamental problems I see with American Businesses these days. It talks about 4 companies where perverse incentives caused problems, and one company which got the balance correct. From the article:

"Incentives poison people's will to do the right thing. It's the worst way to get people to do the things you want to do." and "Wells Fargo’s predicament was by no means novel. It was simply the latest in a long string of companies and even federal agencies that have seen the incentivizing of employee performance go terribly awry."

Comment How to make NSO's job difficult (Score 1) 98

Let's see... If I was a terrorist, I'd have a pool of 100 or so smartphones ready to be cloned from a virgin image. When one needs to use a phone for a mission, I'd pull one randomly from the pool, install the image, and a never-used, new SIM card, and give it to the operative. When they are done with a mission, I'd wipe the phone, and return it to the pool.

Comment Re:My Incoming Call Rule #1 (much better) (Score 3, Insightful) 105

If solicitors call you on the phone, DON'T DO BUSINESS WITH THEM. Tell that if you need a product or service, YOU will track it down yourself...

Part of the problem here is that most people acts as enable for telemarketers and advertisers. We should teach young people in elementary through high school to ignore telemarketers and advertisers, and track down the product or service you need yourself. If more people did this, they'd get better products and services, plus it would help solve the problem with robocalls the government is trying to solve. Folks, if it is telemarketed or advertised, then the product or service is probably inferior to what you can find with a little effort on your own. Also, very few products or services marketed in this manner are indispensable.

Comment Pierce the corporate veil (Score 5, Insightful) 123

For blatant environmental disregard such as this, the corporation should not offer protection to the officers and directors. The corporate veil should be pierced, and the state should go after the officers and directors both criminally and civilly. The corporate protection from liability should just be there to protect against legal action arising from unforeseen circumstances in the evolution of a company. In this case, the emissions rules were purposefully disregarded and, there should be a heavy price to pay for that.

Comment Re:Stock prices go up, money saved! (Score 1) 224

I agree with your comments. The opulent minority needs to be controlled worldwide, they have too much power. In the US, it's almost like we need a new constitution to address this issue. There should be a mechanism in the constitution that starts limiting the protection of bill of rights for rich and privileged can do as they gain assets and become well-connected. I call this the "Reverse Animal Farm" constitution. This way there will be a burden associated with being too rich and powerful, and it will incent those that are to behave accordingly.

  I know this sounds like we are not treating everyone equally, but I think it is the only way to get out of the current status quo.

Comment We could always bring back Star Chambers (Score 1) 801

From: https://en.wikipedia.org/wiki/Star_Chamber

The Star Chamber was established to ensure the fair enforcement of laws against socially and politically prominent people so powerful that ordinary courts would likely hesitate to convict them of their crimes.

The constitution would need to be modified, however.

Comment Cue the binding arbitration (Score 1) 443

Small claims court is an excellent way of extracting a "Pound of Flesh" without giving a lawyer one damn cent. If more people started doing this, Microsoft would have a real problem on their hands, and would be forced get electronic signatures to a EULA and include Binding Arbitration in that EULA.

Comment Right to send to the landfill. (Score 1) 224

Instead of right to repair, the current warranty offerings (90 days) are more like the right to throw away when it breaks and purchase a new product.

I can understand that some products due to their intricacy may be designed to not be serviceable by anyone but the manufacturer, but if that is the case, then a longer warranty period is justified to make up for the fact that it is unserviceable. I think the EU has the right idea with trading standards bureaus and statutory minimum warranty periods. (I will probably get arrows from my fellow America Citizens on this)

Comment Arbitration is bad and lawyers aren't helping (Score 1) 89

If I had the power to change things, this is what I would do:

1. Arbitration takes away our 7th amendment rights to access the courts for low to middle income persons. Arbitration should be optional, not mandatory, and only used when both parties agree. Encourage the use of small claims court system over arbitration.

2. Lawyers should not be able to take court cases on contingency. They should be required to take payment up-front. This will reduce the number of frivolous lawsuits filed in the court system.

3. We need to strengthen consumer protection agencies in this country. The Consumer Protection Financial Bureau is a good start, but we have a lot of toothless agencies which should either be reformed or replaced by agencies having the power to sanction businesses.

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