Study Says ‘Psychopathic’ Leaders Destroy Shareholder Wealth

What should you do when you see a surfeit of the words “I, me and myself” in a company’s annual reports? Sell the stock because that indicates some psychopathic traits of Corporate Leadership. That’s the quick piece of advice emerging from an academic study that evaluated the effects of psychopathic traits in corporate leadership on stock market returns. [singleton variation=”governance”] “Our empirical analysis supported the hypothesis that psychopathic-like tendencies exhibited by top management teams are particularly destructive from the point of view of shareholder wealth,” the U.K. study concluded in unambiguous terms. “We find that language characteristic of psychopaths present…