I was in the industrial world for 33 years. Every time bonuses are tied to X then X gets optimized even if it destroys the company. I watched that happen several times. I had a boss once who cost the company well north of one hundred thousand dollars just to add one hundred ($100) to his bonus. Managers view their bonus as a penis multiplier.
People are small and petty. If this doesn’t end badly, it will at least cost shareholders money they could otherwise have made.
Exactly!
But not only that: Bosses could bend over backwards, looking for equally-qualified minority hires, and earn their bonuses fairly. But that is not going to happen. Instead, they will take the easiest route and hire the first halfway decent-looking minority they can, thus securing their bonuses with a minimum of effort. And no one will dare call them out on it!
Regards,