Computer company CEOs lead the world in narcissism, according to a study by Penn State University, as reported in Network World recently.
Several other publications like Forbes reported on the study as well, noting that it is coming out in January 2008.
Some highlights to give you a flavor of the Network World article and the study itself:
If you have a hard time getting your CEO’s head through the office door, you should prepare yourself and your company for a business rollercoaster ride from hell. That’s the conclusion of a Pennsylvania State study that measured the level of narcissism exhibited by 111 CEOs of computer software and hardware companies and compared it to the subsequent strategies and performance of those companies. Narcissism involves a lack of feeling for others, attitudes of entitlement and belief in one's superiority, researchers say. These characteristics make it difficult for a person to work with others and maintain relationships.
"Highly narcissistic CEOs -- defined as those who have very inflated self-views, and who are preoccupied with having those self-views continuously reinforced -- can be expected to engage in behaviors and make decisions that have major consequences not only for the individuals who interact directly with them, but also for broader sets of stakeholders," Donald Hambrick, chair of management at Penn State's Smeal College of Business. Hambrick and professor Jean Twenge, wrote the study. Twenge noted that people high in narcissism lack empathy for others, are aggressive when insulted, seek public glory and favor self-enhancement over helping others look good.
Narcissists are also more likely to be materialistic and to seek attention and fame. "While less narcissistic CEOs may be inclined to pursue incrementalist strategies that entail refining and elaborating on the status quo, more narcissistic CEOs gravitate to bold and highly visible choices," they wrote. The Penn State research indicates no relation between executive narcissism and how well a company performs. "Although narcissists tend to generate more extreme and irregular performance than non-narcissists, they do not generate systematically a better or worse performance," they found.
If you read the blog post by my colleague Carol Walker about high tech CEOs in Texas participating in a volunteer program to help prisoners get a chance for a better life by learning how to be a successful entrepreneur, it's hard to rationalize this view of the leaders of the high tech segment. So many of the CEOs we have worked with over the years have been dedicated philanthropists, giving both of their time and their money. This is not to say we have not encountered a narcissist or two in our 21 year history. We certainly have. But we have gotten much better at detecting this type of CEO over the years and have steered clear during the mutual due diligence phase as much as possible.
As a PR professional, I had to chuckle at some of the criteria for detecting narcissistic CEOs, listed in the Louisville, KY Courier-Journal's account of the study:
Narcissism was measured by the prominence of the CEO's photograph in the company's annual report, the frequency of the CEO's name in company press releases, the CEO's use of pronouns like "I" or "mine" in interviews, and the CEO's pay compared to the second-highest executive.
What's interesting about this measurement is that two of the measures are the same ones many systems use to determine prominence of a company in press coverage -- i.e., if there is a photo related to the company and if their spokespeople are quoted in the stories. Certainly the "I me my" speech pattern isn't something that is the measure of a "feature" versus a "mention." And the pay differential is a whole different issue. I guess if you pull back a bit, it's essential to have a certain amount of showmanship and solid ego to be a CEO and to be an executive spokesperson. Where it becomes problematic for the company is where that strong sense of self devolves into destructive narcissism.