How Do You Know How Well an Individual Is Doing?

"How do you know how well an individual is doing? It's like the line about pornography, i know it when i see it," he says. "You have a sense of people's contribution, even though you can't quantify itad just let go of the need to have to quantify this position." He adds that in the short term, if you're giving people incentives based on firm wide performance, and this one person isn't contributing to firmwide performance, that in theshort term you're going to overpay under performing people. In the long term, we'll be better off not paying these poor performers so much.