narcissism

Wisdom and Narcissism as Predictors of Transformational Leadership

Wisdom is an individual virtue that has been characterized as “the pinnacle of insightinto the human condition and about the means and ends of a good life” (Baltesand Staudinger, 2000, p. 122). Wise people have been described as well-balanced,interpersonally competent, concerned with the well-being of themselves, others, andsociety, and as possessing superior knowledge, judgment, and advice-giving skills(Ardelt, 2004; Baltes and Staudinger, 2000; Sternberg, 1990). While wisdom is an ancienttopic that has been discussed by philosophers and theologians for many centuries,behavioral researchers have become interested in wisdom only relatively recently,particularly in the context of increased research on lifespan development (Baltes andSmith, 1990; Clayton and Birren, 1980) and in relation to the emerging positivepsychology movement (Peterson and Seligman, 2004; Schwartz and Sharpe, 2006).

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Posted on:2016-02-15

Narcissistic CEOs and executive compensation

Narcissism is characterized by traits such as dominance, self-confidence, a sense of entitlement,
grandiosity, and low empathy. There is growing evidence that individuals with these characteristics
often emerge as leaders, and that narcissistic CEOsmaymake more impulsive and risky decisions.
We suggest that these tendencies may also affect how compensation is allocated among top
management teams. Using employee ratings of personality for the CEOs of 32 prominent
high-technology firms, we investigate whether more narcissistic CEOs have compensation packages
that are systematically different from their less narcissistic peers, and specifically whether these
differences increase the longer the CEO stays with the firm. As predicted, we find that more
narcissistic CEOs who have been with their firm longer receive more total direct compensation
(salary, bonus, and stock options), have more money in their total shareholdings, and have larger
discrepancies between their own (higher) compensation and the other members of their team.
© 2013 Elsevier Inc. All rights reserved.

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Posted on:2015-11-04

Reality at Odds With Perceptions: Narcissistic Leaders and Group Performance

Although narcissistic individuals are generally perceived as arrogant and overly dominant, they are particularly skilled at
radiating an image of a prototypically effective leader. As a result, they tend to emerge as leaders in group settings. Despite
people’s positive perceptions of narcissists as leaders, it was previously unknown if and how leaders’ narcissism is related to
the performance of the people they lead. In this study, we used a hidden-profile paradigm to investigate this question and
found evidence for discordance between the positive image of narcissists as leaders and the reality of group performance.
We hypothesized and found that although narcissistic leaders are perceived as effective because of their displays of authority,
a leader’s narcissism actually inhibits information exchange between group members and thereby negatively affects group
performance. Our findings thus indicate that perceptions and reality can be at odds and have important practical and theoretical
implications.

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Posted on:2015-11-05