A Wall Street exec has a brutal anecdote about deciding bonuses, and it changed his worldview

Jimmy Dunne III thinks it's important to be brutally honest.

He is a senior management principal at investment banking firm Sandler O'Neill & Partners, which he co-founded with Bear Stearns' financial services group's senior management team.

There was a key moment at Bear Stearns that completely changed his worldview, according to Adam Bryant's Corner Office in the New York Times.

Here is the transcript:

In this case, whether that person gets the $5,000 is a finite issue. Infinite discussions get into personal attributes that can go on and on, which he thinks are important but not critical. He also wants people to separate nonpersonal remarks from the personal. And even if they can't deal with the truth, they are entitled to know it.

You can read the full interview over at the New York Times

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