Rule of the psychopaths

Cohan: Did Psychopaths Take Over Wall Street?

By William D. CohanIt 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.”
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ALASTAIR SMITH is professor of politics at New York University. The recipient of three grants from the National Science Foundation and author of three books, he was chosen as the 2005 Karl Deutsch Award winner, given biennially to the best international-relations scholar under the age of 40.
He is co-author of “The Dictator’s Handbook: How Bad Behaviour is Almost Always Good Politics” (2011).
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