Michael Bloomberg Quotes
I do not think that anybody should get paid for lousy performance. I've said that for a long time. If you work hard and you do good, you get paid well.
Bloomberg, Michael. Press Conference. City Hall, New York, 2010.
Deming was the greatest management expert in the world. In Japan, the highest medal the government gives is the Deming Medal. He and most others have observed that merit pay tends to sound terrific to almost all, but in practice the effect on morale and productivity becomes negative and counterproductive over time. The weakness seems to be in the validity of the assessment of performance. See Ramona Arnett {619264}
Michael Rubens Bloomberg is an American businessman, politician, philanthropist, and author. He is the majority owner and co-founder of Bloomberg L.P. He was the Mayor of New York City from 2002 to 2013, and was a candidate for the 2020 Democratic nomination for president of the United States.