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July 28th, 2012 
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Book Review – Snakes in Suits: When Psychopaths Go to Work
The Financial Times: Narcissists or psychopaths? Paul Babiak and Robert Hare explore why bosses go bad – TWO white-collar criminals received justice in June — Allen Stanford of Stanford International Bank and Rajat Gupta of McKinsey and Goldman Sachs. The actions of one are easy to understand, the other’s are extremely hard.
Stanford, a Ponzi schemer who stole $2bn of his eager depositors’ money, is easy: if he is not a psychopath, he certainly behaved like one for two decades. Gupta, convicted of fraud and conspiracy for leaking price-sensitive titbits about Goldman to Raj Rajaratnam, the criminally corrupt hedge fund manager who was his confidant and friend, is the puzzle.
Was Gupta always bad, or did he turn bad? Either he fooled McKinsey into electing — and twice re-electing — a fraud as its managing partner or he only later turned into a corporate Narcissus who did not regard himself as needing to obey the usual rules as a board member of Goldman and Procter Gamble. If he had a moral compass, he lost it. Read Article
Tags: mind brain, nature of corporations
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