Jaw-dropping study: Executives who manipulate earnings are hired for their lack of ethics
Your bad boss may be that way for a reason.
As a journalist who has interviewed hundreds of top CEOs, I can report that many of them are not overflowing with humanity. Now we may know why: In an eye-opening peek into the business of evil, a new study in the Journal of Business Ethics finds that companies purposely hire people with unsavory personality traits when earnings manipulations are in order.
Researchers from universities in four states conducted a trio of experiments studying executive hiring under various organizational earnings demands. They found that, yes indeed, when companies need to report earnings that stray from reality, no, they don't hire a CFO with super strong ethical foundations. They hire executives with "dark" personalities that are weak on ethics and strong on narcissistic traits. "Our research found that this is often no accident," said coauthor Nick Seybert, an accounting professor at the University of Maryland, in a news release.
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