Posted by: _____ June 9, 2011
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Reward and punishment should be everywhere
If you are a student, worked hard, you get good marks (rewarded) if you dont work hard you will get poor mark or fail (punishment)
if you are a politician you do good work you will be reelected (reward) if you behave poor you wont be re elcted(punishement) {well, this may not be 100 % true in case of nepali politics but generally true}
Similarly, if you are a CEO/Presidnt?CFO of a bank, bank is doing good then you get good salary/ bonuses (rewared) but if you perform poor then what ?? no punishment???
This type of situation will help to create financial anarchism. So to avoid this, to reestablish the public's trust in banking system those culprits should be punished how come there is only reward and no punishment?
If our financial system lacks intstrument of punishment then it is not worth trusting.
If you are a student, worked hard, you get good marks (rewarded) if you dont work hard you will get poor mark or fail (punishment)
if you are a politician you do good work you will be reelected (reward) if you behave poor you wont be re elcted(punishement) {well, this may not be 100 % true in case of nepali politics but generally true}
Similarly, if you are a CEO/Presidnt?CFO of a bank, bank is doing good then you get good salary/ bonuses (rewared) but if you perform poor then what ?? no punishment???
This type of situation will help to create financial anarchism. So to avoid this, to reestablish the public's trust in banking system those culprits should be punished how come there is only reward and no punishment?
If our financial system lacks intstrument of punishment then it is not worth trusting.