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Pay People To Avoid Risky Behavior
harvardbusiness.org 2 days, 3 hours agoCEOs are worrying about risky behavior by employees at the front lines of the business. Nobody wants to wind up like Jamie Dimon, head of JPMorgan Chase, whose cherished legacy has been pickled by what Dimon himself called "egregious mistakes" by an obscure group of bond traders at the firm. But how can the CEO influence far-flung staff to do the right thing consistently? The answer is found in a sound risk management program that trains, equips, monitors, measures and rewards people for avoiding mistakes a










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