presented to yes 1 aug. 2013 larry earnhart, ph.d., m.b.a
TRANSCRIPT
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Presented to YES
1 Aug. 2013
Larry Earnhart, Ph.D., M.B.A.
Sometimes The Boss Really Is a
Psycho
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*Introduction
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“Take responsibility, make decisions, take risks! No matter how you carve it up, that’s what management is all about. Anything less is just seat-warming”
THE CORPORATE PSYCHOPATH
“CHAINSAW” AL DUNLAP
LAID OFF 12,000 WORKERS
BANKRUPTED SUNBEAMLEFT WITH $60 MILLION
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Famous Corporate Psychopaths
*Bernie Maddoff4,000 victims $17B losses
*Bernie EbbersLooted $600M from WorldCom
*Ken Lay, Jeff Skilling, Andy FastowUtterly destroyed Enron and Arthur
Anderson, $80B in losses
*Ian ThowDefrauded dozens of clients, over $20M
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Desirable Managerial Traits
• Gets The Job Done• Makes an excellent first impression• Shows courage and steadfastness• Strategic-minded• Risk-taker• Can live with tough decisions• Confident & knows self worth• Objective & analytical• Networks well• Moves up the hierarchy without loyalties• Visionary
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• Gets The Job Done• Makes an excellent first impression• Shows courage and steadfastness• Strategic-minded• Risk-taker• Can live with tough decisions• Confident & knows self worth• Objective & analytical• Networks well• Moves up the hierarchy without loyalties• Visionary
No conscience Aberrant self-promoter No fear Liar and schemer Thrill-seeker No guilt or remorse Grandiose self-image Cold-hearted Glib, superficial charm Severs ties with those no longer useful Exaggerated promises
Psychopathic Management Traits
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•1% of the general population •4% of business managers Paul Babiak, Ph.D. & Robert D. Hare, Ph.D., Snakes In Suits
Prevalence Of Psychopathy
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Gilbert Labour is an executive coach and bases his estimates on 30 years experiencehttp://www.psychopath-research.com/forum/ubbthreads.php/topics/1074/2/Corporate_Psychopaths
Estimated Impact of Psychopathy on the Organization
•25% of all resignations
•50% of all stress leaves
•25% staff turnover rate
•Each victim is out of pocket $10,000
•The community is out of pocket $5,000 per victim
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• Narcissistic – It’s all about them – Their goals are not your
goals• Deceitful - No truth at all• Manipulative – You won’t know• Charming – Many victims love them• Predatory – Steal other’s ideas• Unremorseful – Absolutely no
conscience• Unempathic – Physically unable to feel
other’s emotions
Identifying The Corporate Psychopath
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• Results don’t make sense• Good employees leaving• Something just doesn’t seem
right• Lost access to personnel or
departments
Identifying The Corporate Psychopath
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How To Manage The Corporate Psychopath
Don’tDo not stop, do not pass Go, do not collect $200
Get rid of offender ASAP
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How To Manage The Corporate Psychopath
Prevention
• Intuition• Financial Results• MBWA• Hiring• Team interviews• Check references• Verify resume claims
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Larry EarnhartAlchemy Business Consultingwww.alchemyconsulting.ca
Thank You
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http://en.wikipedia.org/wiki/Psychopathy
Unlike the criminal or antisocial psychopath, the white-collar psychopath usually does not engage in violence or direct criminal behavior. Instead, they operate through glibness, manipulation, deceit, and with a lack of remorse or guilt