You could be a survivor of a “Corporate psycopath” boss and not even know it. Find out here if your boss is part of a growing trend that depends on mistreating its employees and contributing to economic disasters.
The Workplace Dark Side
If your boss undermines you and takes credit for your work, this might be the work of a corporate psychopath.
Professor Clive Boddy from Anglia Ruskin University delved into the world of these “ruthlessly self-serving” managers at the Chelmsford Science Festival.
Defining Corporate Psychopaths
Corporate psychopaths possess traits linked to disasters like the 2008 financial crisis.
They’re not officially diagnosed as psychopaths but display personality traits lacking shame and empathy, according to Boddy.
Greed and Short-Term Focus
Corporate psychopaths’ short-term, self-centered focus contributed to the 2008 financial crisis, promoting a culture of greed and unethical practices.
Around 3.9% of senior managers are psychopathic. In finance, this could be as high as 8%.
Wall Street Psychopaths
Some New York psychiatrists even claim up to 10% of Wall Street professionals show psychopathic tendencies.
These “successful psychopaths,” such as the ones on Wall Street, excel in society, seeking wealth and power, mainly in finance.
Money Is What They Want
“What they are really after is money, power and control, and those are things that are to be found more in the financial sector than, for example, the caring professions,” says Boddy.
The Charisma and Deception
Corporate psychopaths are charismatic, obsessed with self-image, reminiscent of characters like Patrick Bateman in “American Psycho.”
Jekyll and Hyde Behavior
Corporate psychopaths treat junior and senior colleagues differently. Superiors admire them, “They tend to be seen as stars by those above them because they are so good at impression management,” Boddy claimed.
The Devil In Management
On the other hand, subordinates often see them as disruptive figures, “whereas their subordinates tend to think they’re the devil in a suit,” said Boddy.
Companies with corporate psychopaths suffer. Talented employees leave, leaving a lack of experience and morale, undermining employees’ “self confidence” and “willingness to work,” “They make people cry in the office in front of other people,” said Boddy.
Corporate psychopaths’ influence isn’t limited to finance; they extend into politics, law, and media.
Professor Boddy suggested improving reference checks and using psychometric testing, particularly for senior roles.
Controversial Rating Idea
Regulators could even assign psychopathy ratings to companies.
Addressing corporate psychopathy is crucial. Survivors may take years to regain confidence, impacting national productivity.
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