I beg to differ. This may well hold for hired CEOs etc. But what about founder CEOs? Musk, Zuckerberg, Bezos? Their companies are doing quite well despite their traits.
We find that language characteristic of psychopaths present in annual report narratives, questionable integrity, excessive risk-taking and failure to contribute to charitable undertakings tend to reduce future shareholder wealth.
Interesting finding. Now that we have "AI" to generate annual report narratives, psychopathic CxO's can hide this signal behind median prose.
I had to edit the title to fit the length requirement for submission; full title is "Psychopathic Traits of Corporate Leadership as Predictors of Future Stock Returns". Paper is by Wisniewski, Yekini, and Omar.
I beg to differ. This may well hold for hired CEOs etc. But what about founder CEOs? Musk, Zuckerberg, Bezos? Their companies are doing quite well despite their traits.
We find that language characteristic of psychopaths present in annual report narratives, questionable integrity, excessive risk-taking and failure to contribute to charitable undertakings tend to reduce future shareholder wealth.
Interesting finding. Now that we have "AI" to generate annual report narratives, psychopathic CxO's can hide this signal behind median prose.
I had to edit the title to fit the length requirement for submission; full title is "Psychopathic Traits of Corporate Leadership as Predictors of Future Stock Returns". Paper is by Wisniewski, Yekini, and Omar.