Umar Boodoo

Why pay packages based on fair criteria matter

 

Happiness has a large relational (or relative) component. The amount of utility an individual derives from, say, an annual salary of $V depends, in part, on how $V compares to the salary $X received by a referent other (for example, a co-worker [Bruce Kaufman, 1999]

Overview

Let us start with the premise that what workers say and feel actually matters. In […]

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    Volkswagen affair: global coordination is needed to enforce ethical corporate behaviour

Volkswagen affair: global coordination is needed to enforce ethical corporate behaviour

DECEIT, FRAUD, REGULATORY EVASIONS, WINDOW DRESSING: words that have become far too familiar in business news headlines. The Volkswagen emissions scandal is the latest example of disingenuous corporate malpractice that has already had far-reaching consequences for the ordinary customer, shareholder, and any other stakeholder directly or indirectly impacted by the actions of a few.

The outrage against the VW Group […]