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Vault Message Board: Bloomberg L.P.

Topic Name: certs
Message Name: correct me
Date Posted: 02/26/2006
In Reply To: certs never double in value from one year to the next, so if they cut your certs by more than 50% you're being managed out.
Message: if i'm wrong, but i think bb operates on a system where the raises and certs are channeled to what they consider the top 15 percent performers. poor or average performers get nothing, they're hoping they'll leave. even ``good'' performers get stiffed, they dont really care if they leave. an interesting survival of the fittest setup, a social experiment. many other companies would like to try the same. but the big flaw at bb is, the evaluation system and judgment criteria are outrageously disfunctional, almost completely broke. so that's where the system breaks down.

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