Study: The C-suite is full of psychopaths | Whistleblower retaliation at Wells Fargo | The myth of profit maximization
September 23, 2016
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Leading Edge
Study: The C-suite is full of psychopaths
Research suggests that 21% of US corporate executives display psychopathic personality traits, or about 21 times the rate of the general population. The study's author says that psychopaths can create toxicity at work, and he offers advice for how to recognize and handle such a leader.
The Telegraph (London) (tiered subscription model) (9/13),  The Telegraph (London) (tiered subscription model) (9/16) 
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Whistleblower retaliation at Wells Fargo
Former employees of Wells Fargo are coming forward to say that they reported unethical practices, sometimes to a bank-sponsored tip line, and were then fired. "If this person was supposed to be at the branch at 8:30 a.m. and they showed up at 8:32 a.m, they would fire them," said a former Wells Fargo HR official.
CNNMoney (9/21),  Medium (9/21) 
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Strategic Management
The myth of profit maximization
Corporate managers should be looking for profit and shareholder opportunities, but it's a myth that there is some law legally binding them to commit to profits maximization, writes Joseph Badaracco, professor of business ethics at Harvard Business School. "Managers have to be careful that they don't use their economic obligations as excuses for putting their good judgment aside, narrowing their focus, and ignoring their basic human duties," Badaracco writes.
Harvard Business Review online (tiered subscription model) (9/19) 
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Smarter Communication
Stop ignoring what your employees are telling you
Companies talk about how they value employee input and will go to great lengths to conduct engagement surveys, but few CEOs spend much time analyzing or reflecting on the results, Quantum Workplace CEO Greg Harris writes. He offers three pieces of advice for making such engagement more meaningful, both for the C-suite and in the minds of employees.
SmartBrief/Leadership (9/22) 
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Smarter Living
Get your mind and body right each Friday
The benefits of letting employees have a life
Firms that understand the benefits of work-life balance are rewarded with "a more productive and stable workforce" and improved loyalty, Joe Cahill writes. "I'm looking forward to reading some stories about CEOs taking months off work to care for ailing relatives, or working from home in the afternoons to be there when their kids return from school," Cahill writes.
Crain's Chicago Business (tiered subscription model) (9/16) 
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In Their Own Words
Leaders of Shake Shack discuss burger joint's journey
Leaders of Shake Shack discuss burger joint's journey
(Shinya Suzuki/Flickr)
Shake Shack is now at 100 locations, and while the company retains a startup-like sense of trial and error, growth has brought a more thoughtful process. "[W]hile the intuitive sense of how things should be done remains as vital, or more vital, than ever, the level of intentionality behind that intuition has increased," says Danny Meyer.
Eater (9/21) 
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Daily Diversion
DNA study examines spread of cats throughout ancient world
A study of cat DNA charts the spread of felines throughout the ancient world, and the findings were presented at the 7th International Symposium on Biomolecular Archaeology last week. Researchers sequenced DNA from more than 200 ancient cats that lived between 15,000 years ago to around 300 years ago and were found at various archaeological sites around the world.
Nature (free content) (9/20) 
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Whatever you want in life, other people are going to want too. Believe in yourself enough to accept the idea that you have an equal right to it.
Diane Sawyer,
journalist
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