From the review of 'Wisdom: From Philosophy to Neuroscience':
Take, for instance, a 2007 study at Pennsylvania State University's Smeal College of Business, conducted by two economists. They wanted to know if there was a correlation between narcissism in CEOs and volatility in that company's performance. As they were unable to kidnap the various CEOs and put them through extensive personality testing, they examined "the size of the leader's photograph in company documents, the length of entries in Who's Who, the frequency with which the CEO was mentioned in corporate press releases, and the number of times the CEO used the first-person singular (I, me, mine, my, myself) in interviews." What they found was that the more narcissistic the CEO appeared to be, the more detrimental they were to the company. And, of course, the results are now clearly visible to everyone who has been following the news of the United States financial system in the past two years.
Oh how pleased I felt after reading this. How immensely pleased. It's like being hit with a jolt of self-validating revelation. Isn't it fascinating, ladies and gentlemen, that the doctrine which promotes individualism, self-centeredness and egotism as virtues to be rewarded (in this case by becoming a CEO); isn't it fascinating that this model had a recent near-death experience due, among other things, to the very virtues it advocates?
I'm not suggesting that narcissism or self-centeredness are the only qualities the CEOs in question had: they may have been the top of their class for all I care.
Oh, and before advocates of narcissism get thrilled; while most CEOs might be narcissistic, not all narcissists are CEOs.