23 June 2015

In the Realm of the Blatantly Obvious………

A study of bankers had determined that when bankers are given unrealistically tough performance standards, they cheat:
Bankers are more likely to behave unethically when under pressure to reach tough performance targets, according to a survey of British financial-services employees.

Managers in banking, insurance and wealth management were more anxious and inclined to misbehave when “negative consequences or punishment for poor performance were highlighted,” PricewaterhouseCoopers and the London Business School said in a report on Monday.

“When it made them feel anxious, they tended to say money was one of their key motivators,” Duncan Wardley, a behavioral science specialist at PwC, said in the statement. “They also tended to take more risks and make unethical choices.”
I am so no surprised.

Of course, this could lead to techniques that might enhance banker honesty, but I see that as unlikely.


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