Cempaka Belanda: Bankers expose myths about bonuses

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Wednesday, February 17, 2010

Bankers expose myths about bonuses

Radio Netherlands Worldwide, 17 February 2010 - 3:06pm | By Johan Huizinga

Has the bonus as a necessary incentive for top bankers past its prime? The phenomenon may be cast in stone in the United States, but Dutch bankers are starting to have doubts.

Social psychologist David de Cremer interviewed 15 Dutch top bankers and exposed the myth of the bonus.

Cremer, now a professor in Behavioural Business Ethics at the Erasmus University in Rotterdam and at the London Business School, asked the bankers who they would most trust with their own savings.

“We gave them a choice between two bankers: banker A, who is working to promote his own self-interest and his bonuses, and banker B, who is interested in banking and wants to provide service. Each banker, each senior CEO, chose banker B. And the irony of it is that they usually hire banker A as a result of a self-created conviction.”

Necessary incentive

So it seems when their own money is involved, top bankers do not believe in smooth operators with top salaries, but in old-fashioned service-oriented bankers who love their profession.

Answering the question on incentives and bonuses the top bankers replied that they don’t regard bonuses as an incentive themselves, but continue to believe bonuses are a necessary incentive to others.

But more and more critical voices are being heard in bankers’ circles.

Rutger van Nouhuys, director of the business division of the new ABN AMRO, recently indicated the bank wants to become the Netherlands’ number one business bank. However, they cannot spend as much on salaries as they would like because Finance Minister Wouter Bos has reduced and frozen both bonuses and fixed salaries. Mr Nouhuys said that, despite the wage reduction, he did not have a problem keeping top talent on board. So here is a top banker saying his staff will not leave anyway.

Temporary check

Professor De Cremer says bankers are not aware of the myth they themselves have created. The British newspaper Financial Times recently quoted other research which suggested that bonuses don’t make managers any happier and therefore form no incentive.

The Bureau for Economic Policy Analysis concluded in a report that top managers do not switch jobs quicker as a result of promises of huge bonuses.

According to Mr De Cremer, managers need to be woken up to the fact that the bonus story is a myth because the rules now being imposed by politicians are only a temporary check on the phenomenon. “We need to convince them it’s a myth - they themselves must stop wanting it”.