"Profit sharing changed how employees worked. Our infra team presented 'Hey guys we went off for 3 weeks and now get X% better gross margin on video hosting' and entire room went wild [because they knew what that meant for their profit sharing.]" @wistia #microconf
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"I think I’ve been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. Never a year passes that I don’t get some surprise that pushes my limit a little farther." Great quote!
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That's an odd quote from Munger. Most company execs seem to think that nothing would happen unless there's an incentive.
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Unsurprisingly, if you put sugar on the floor, ants will come.
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