Narcissistic CEOs significantly influence boards to mirror their pro-risk inclinations and take more risks, suggests new study of 88 public firms and 197 CEOs over 20 years. As an example, Tesla’s stock price and performance have recently shown the repercussions of unchecked risk taking.
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#NarcissisticCEOs #BoardInfluence #RiskTaking #CorporateGovernance #CEOStudy
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#NarcissisticCEOs #BoardInfluence #RiskTaking #CorporateGovernance #CEOStudy
SMS
Understanding how CEO narcissism can shape corporate risk-taking - SMS
Corporate board structures have come under greater scrutiny since (at least) the 1990s. The U.S. government has taken steps to review potential problems, such as Securities and Exchange Commission rules — put in place in 2010 — that require listed companies…
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