The idea of peer-based compensation decision making is pioneered by the company W.L. Gore and you can also see it in a company like Morningstar. There's other versions of that actually don't go down to the individual level but say at the team level where every team develops their own profit sharing scheme. The question often comes to okay well what do you do about bad actors who need to be fired if there aren't managers running around saying you're fired then how do you get rid of bad people this is sometimes also referred to as like the sociopath problem.

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