Narcissistic executives put your company at risk
Narcissists tend to be self-centered, arrogant, hypersensitive and hostile when challenged. They even lack empathy and exploit others for their benefit.
Anyone who has these traits is exasperating, but having a narcissistic leader can have lasting negative consequences.
Research from Stanford University and the University of California at Berkeley found that managers obsessed with themselves are more likely to sue their company. In addition, they do not tend to make a deal even though they do not have much chance of winning, which prolongs the duration and cost of litigation.
"People who are very high on the scale of narcissism are insensitive to risk," said Jennifer Chatman, an administrative professor at the Berkeley Haas School of Business and one of the study's researchers.
They also tend to dismiss negative comments and rely excessively on their judgment.