Bankers and Functional Psychopathy:
               <i>The Risk of Losing Everything</i>

Mesly, Olivier; Maziade, Richard

doi:10.3905/jwm.2013.16.1.033

Cited by 11 publications

(6 citation statements)

References 41 publications

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“…Another report states that a psychopath who was turned down for a CEO position in London after being diagnosed as a psychopath by a psychiatrist, ended up working for an investment bank (Dean, 2014). A further paper argues that psychopaths in banking would not be good for long term success (Mesly and Maziade, 2013). This lends credibility to the possibility that the global financial crisis, of 2007 onwards, was connected to the presence of corporate psychopaths.…”

Section: Corporate Psychopaths and Other Stakeholdersmentioning

confidence: 95%

“…However, historically a number of organisations which failed have been linked with CEOs who have been described as possessing psychopathic traits. In particular the CEOs of Enron (a US power distribution company), the Daily Mirror (a UK newspaper) and the Madoff investment group (a US Ponzi scheme) have all been named as potentially psychopathic (Perri, 2013;Mesly and Maziade, 2013;BBCNews, 2004).…”

Section: Corporate Failurementioning

confidence: 99%

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Organisational psychopaths: a ten year update

Boddy

2015

Management Decision

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Purpose – This current paper reviews the theoretical speculations concerning psychopaths in the workplace that were originally presented in a paper published in this journal in 2006. The 2006 paper was called: “The Dark Side of Management Decisions: Organisational Psychopaths”. Design/methodology/approach – This is a review of the literature on workplace psychopaths since 2006. Findings – This current paper determines that while many of these prior speculations about workplace psychopaths have since been supported by evidence, several others remain unexplored. This finding suggests that several important avenues for further research remain in this important area. In particular, links between corporate psychopaths, bullying and lowered corporate social responsibility have been established. On the other hand, links between corporate psychopaths, career advancement, fraud, and corporate failure as exemplified in the 2007 global financial crisis, have been under-explored. Social implications – Corporate psychopaths are worthy of further research because of their impact on society, for example on corporate social responsibility and their willingness to dump toxic waste material illegally. Originality/value – The paper provides an extensive review of research into corporate psychopaths to date and highlights areas where further investigation would be potentially rewarding.

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Section: Corporate Psychopaths and Other Stakeholdersmentioning

confidence: 95%

Section: Corporate Failurementioning

confidence: 99%

Organisational psychopaths: a ten year update

Boddy

2015

Management Decision

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“…It originates from the hypothalamus' periventricular and supraoptic nuclei and is released by the posterior pituitary gland 8 (Siegel and Pradu [2011]). Oxytocin may explain unconditional trust (it is activated in the septal area of the brain, in direct link with the hypothalamus and plays a key role in financial predation-see article by Mesly and Maziade [2013] and conditional trust (activated by the tegmental-ventral area of the hypothalamus). Indeed, financial predators have a genuine capacity to generate unconditional trust on the part of their soon-to-be victims.…”

Section: Cmfpmentioning

confidence: 99%

“…Equilibrium is a measure of cognitive efforts made by each individual in the dyad aimed at determining whether the relationship is equitable, whether a sense of win-win prevails (Mesly [ , 2013a; ; Mesly and Maziade [2013]). The current CMFP stipulates that cooperation exerts a causative effect (C) on atmosphere: efficient cooperation necessarily leads to a sound interactional atmosphere between the parties (buyer and seller) but poor cooperation necessarily leads to a venomous atmosphere the likes of conflict or rupture.…”

Section: Cmfpmentioning

confidence: 99%

The Core of Predation: The Predatory Core—Finding the Neurobiological Center of Financial Predators and Preys

Mesly¹

2014

Journal of Behavioral Finance

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This paper proposes a theoretical view of the financial predator and prey's brain, with the hypothalamus being the core cerebral structure driving financial predatory behaviors. This model will hopefully help opening doors to possible better management as it appears that the number of financial scandals that have their source in the malevolent behavior of a selected few keeps rising. Indeed, neuromarketing is an emerging trend but lots of work remains to be done. This paper suggests that future research could be oriented toward the understanding of the predatory core in human behavior, more specifically referred to as the black box of consumers.

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“…Year-end bonuses Wall Street firms paid workers in New York was roughly $33 billion, and total compensation for the major U.S. securities firms and banks approximated $137 billion (FCI Report 2011, p. 63). 38 A reviewer of this paper insightfully suggested that an alternative explanation for the lack of ethical behavior underlying the crisis might be the personality based approaches involving greed, love of money, and ruthless indifference to the fate of others on the part of the corporate bankers involved in the debt crisis, and suggests that examination of the following sources may be helpful starting point to explore that line of research: Basham (2011), Boddy (2011), Chambers et al (2010, Cohan (2012), Jones (2013Jones ( , 2014, Mesly and Maziade (2013), Mulhern (2010), Spencer and Wargo (2010), and Stout (2005). 39 Downgraded ratings caused huge losses.…”

Section: Corrupting Compensation Systemsmentioning

confidence: 99%