Narcissistic CEOs Make The Most Money: Study
BANGALORE: A research was conducted to find out if an average CEO of a top American company makes more money or a median- level employee. The research team opens their study with the title of the biography of Oracle CEO Larry Ellison, "The difference between God and Larry Ellison: God doesn't think he's Larry Ellison."
An average CEOs pay in the United States' biggest companies has been increasing at a moderate rate over the past few years. Larry Ellison is on the top among the highest-paid CEOs in 2013 with total compensation of $78 million. Sixty-five chief executives were found to take home an annual pay of more than $20 million in the last year.
Narcissism is defined as "a sense of personal superiority, grandiosity, dominance, and a desire for power," all coupled with low empathy and the tendency to become unfriendly when confronted with disapproval.
The new research says that the Narcissists have naturally emerged as the leaders because they possess ideal leadership qualities such as positive aggression, self-confidence, and they are the ones who make more money.
Narcissistic CEOs and executive compensation, researchers Charles O'Reilly of Stanford University, Bernadette Doerr and Jennifer Chatman of the University of California, Berkley, and David Caldwell of Santa Clara University, followed employee feedback from 32 of the biggest tech corporations in the U.S. to verify how narcissism affects payment.
The researchers reached took a survey from 600 employees who were alumni of three West Coast business schools and got 250 employees to agree to participate in their study, for an average of about seven employees from each company.
The research team also received letters to shareholders for the year 2009 as well as records of quarterly earnings and they put it through a text analysis program. When measuring these results against payment, found that the CEOs of bigger corporations typically make more money.
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