Stanford Business
At first glance, it might seem worth it for a company’s shareholders to tolerate a narcissistic CEO’s abusive personality. But narcissistic CEOs’ rampant hubris also has a serious downside. Studies indicate that they’re more likely to engage in questionable tax-avoidance schemes, to manipulate accounting data, to overpay for corporate acquisitions, and to seek excessive compensation. On top of that, they subject their organizations to potentially ruinous legal risks as well.