Highest Rated Comments


rosenbergstein365 karma

Naturally the more pushy people will rise to the top

Or they just get fired

rosenbergstein160 karma

Bernie:

YOU WANT US TO HATE THE MUSLIMS

AND WE NEED MUSLIM TROOPZ ON DA GROUND

AND YOU HATE THE MEXICANS

AND HATE HATE HATE

Trump:

Look at this guy! pretends he has a hump and mocks bernie

Can you imagine having this as a president?

Never worked in his entire life!

rosenbergstein123 karma

Why do people trust them with higher positions, then? Seems like a major flaw of western corporate culture.

rosenbergstein12 karma

This has been proven to be false already

rosenbergstein5 karma

The stereotypical image of a successful corporate leader is of a charismatic extrovert, a persuasive and sociable fellow (it’s usually a fellow) who commands attention and respect. However, extrovert CEOs may be more likely to hurt their companies than to help them. According to a recent University of San Diego study, CEO Extroversion and the Cost of Equity Capital, companies headed by extrovert CEOs have lower valuations than businesses led by their introverted counterparts.

The study analysed 76,815 quarterly earnings conference calls in the US over a nine-year period, focusing on the language used by CEOs in the unscripted question-and-answer sessions with analysts. The quintile of companies with the most extrovert CEOs had valuations that were 20 per cent lower than the quintile led by the least extrovert executives, the study found. Lower valuations are bad for the company as well as for shareholders.

They result in a higher cost of equity as a company must sell more stock to fund its investment projects. There is also evidence, the study noted, that CEO extroversion is “associated with the destruction of shareholder value through risk-taking behaviour”. The study is not the first to cast doubt on the idea of the charismatic corporate saviour. CEO Personality and Firm Policies, a working paper by researchers from Harvard, Stanford and the University of Chicago that examined more than 70,000 conference calls involving 4,591 CEOs, also found financial performance tended to be poorer in companies led by extroverts.

The CEO Genome Project, a comprehensive 10-year study by leadership advisory firm ghSmart, found introverts are more likely than extroverts to surpass the expectations of their boards and investors.