William Cohan | Did Psychopaths Take Over Wall Street?

Cohan: Did Psychopaths Take Over Wall Street?

It took a relatively obscure former British academic to propagate a theory of the financial crisis that would confirm what many people suspected all along: The “corporate psychopaths” at the helm of our financial institutions are to blame.

Clive R. Boddy, most recently a professor at the Nottingham Business School at Nottingham Trent University, says psychopaths are the 1 percent of “people who, perhaps due to physical factors to do with abnormal brain connectivity and chemistry” lack a “conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people.”

As a result, Boddy argues in a recent issue of the Journal of Business Ethics, such people are “extraordinarily cold, much more calculating and ruthless towards others than most people are and therefore a menace to the companies they work for and to society.”

How do people with such obvious personality flaws make it to the top of seemingly successful corporations? Boddy says psychopaths take advantage of the “relative chaotic nature of the modern corporation,” including “rapid change, constant renewal” and high turnover of “key personnel.” Such circumstances allow them to ascend through a combination of “charm” and “charisma,” which makes “their behaviour invisible” and “makes them appear normal and even to be ideal leaders.”

Check out the rest here…

About William D Cohan

William D. Cohan is the author of the recently released “Money and Power: How Goldman Sachs Came to Rule the World” and the New York Times bestsellers “House of Cards” and “The Last Tycoons.”

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Comments
8 Responses to “William Cohan | Did Psychopaths Take Over Wall Street?”
  1. lvent says:

    I like the picture with the fingers crossed behind the back…I really do believe that is what the Politicians do…!

    • lvent says:

      The Politicians should have to sign legal binding contracts…otherwise the tyranny will continue unabated…their promises mean nothing…their words are just words..

  2. lvent says:

    OMG…THE PEOPLE ARE STILL SHEEPLE OR THE MEDIA IS LYING..CNN REPORTING….RICK SANTORUM AND MITT ROMNEY ARE TIED FOR FIRST IN IOWA WITH 25% OF THE VOTE…WHO WOULD VOTE FOR EITHER ONE OF THOSE NAZIS IS BEYOND COMPREHENSION????…I DON’T WANT TO HAVE TO SAY THE PEOPLE OF IOWA ARE IDIOTS BUT THEY HAVE GOT TO BE KIDDING?..RON PAUL HAS THIRD PLACE WITH A SUPPOSED 21%…LOOKS LIKE THE GAME IS RIGGED OR THE PEOPLE ARE STILL DRINKING THE KOOLAID…EITHER SCENARIO MEANS WE HAVE A LOT OF WORK TO DO TO TAKE THIS COUNTRY BACK FROM THESE TYRANTS!!!…

  3. Teanner Smith says:

    And did these same sociopaths buy congress, appoint friends as regulators, change laws to f$%k millions of people? Yes! Are they still getting away with it? Yes!

  4. lvent says:

    The politicians and the maority of the msm fit this description.. without the policians the biggest ponzi scheme swindle robbery of our wealth and jobs could have never been possible….the massive cover up aka as foreclosuregate could have never been possible either..there is real evil lurking behind the scenes of this Hitler planplan! Who would have imagined in the United States of America this could ever happen…? The government is now behaving like a tyrannical dictatorship….taking homes they do not have any legal right to take and aiding and abetting the world bank/Imf/federal reserve in bankrupting America and stealing our property rights….none of them have any skin in the game….obama and Congress/the Senate passed the ndaa in order to hijack our first amendment rights? These dirty bastards ate despicable and should all be forced to resign!! Greedy psychopaths is a good description for all of them….! I believe obama is the worst of the bunch….a tyrant! A wolf in sheep’s clothing!

    • lvent says:

      Sorry about the typing errors..the touchscreen keypad is touchy….I have to get used to it!

      • lvent says:

        Wall street has has hijacked America for the new world order….I read they estimated it would cost 5 billion to buy all of the politicians to pull off the their latest Hitler plan to steal America!!!! It is the politicians who are to blame……they are all traitors….I would not trust one of them as far as I could throw them!!!!!

  5. William says:

    Prosecute the Atlanta VA loan guarantee officer. Lets dig down and get the answers. Who is his lawyer? Where do conflicts of interest end and conspiracy/racketeering/collusion begin?

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