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Ep. 843: Rob Markey Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Incentive Pay

I'm not convinced that this is all about incentives. I think it's lazy management to say, you know what, we want our employees to act this way. It's inevitable that those get played with and gamed by smart employees who are very creative about figuring out ways to get paid more under the comp scheme without actually putting in the effort required to do it. Heading down this path of, oh, we should pay people so that they treat their customers better,. to me is one that's fraught with all kinds of issues.

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