Corporate psychopaths: Unmasking the silent threat to financial stability

A new study highlights the need for corporations to identify and manage “corporate psychopaths” to prevent financial crises. A new academic study examining the actions of Bernie Madoff, the New York banker behind the world’s biggest Ponzi fraud, suggests companies do more to root out “corporate psychopaths” within their organizations to prevent financial ruin. The study, published in the International Journal of Market Research, looked at Madoff’s behavior throughout his life including during his business dealings, his trial, and his time in prison. It warns that while people with some psychopathic personality traits tend to get ahead in corporate finance, their recklessness and greed can bring down organizations and even entire economies. Author of the research Dr Clive R. Boddy, Associate Professor at Anglia Ruskin University (ARU), is a pioneer in the field of corporate psychopathy.