Narcissistic bosses enjoy hefty pay packets: Study
If you cannot make the moolah even at the top, read this. According to new research, more aggressive, self-confident and narcissistic top executives are the ones who take home the highest salaries.
In the study titled "Narcissistic CEOs and executive compensation", researchers from Stanford University, University of California-Berkley and Santa Clara University used employee feedback from 32 of the biggest tech corporations in the US to determine how narcissism affects compensation.
The researchers presented 250 senior employees with eight traits of narcissism like self-centered, arrogant or conceited and asked to rate their CEO's correlation to them on a scale of 1-7 (1 very inaccurate, 7 very accurate).
They then used the same scale to analyse their CEOs.
After analysing the results, researchers found that there was a significant correlation between CEO compensation and narcissism, Business Insider reported.
The companies analysed in the study accounted for two-thirds of the revenue in the industry.
Only one of the 32 CEOs in the analysis was female and their average age was 51.7.
They had worked an average of seven years at their respective companies.
(Posted on 24-07-2014)
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