(Web Desk) - Scientists from Anglia Ruskin University say that some managers are so manipulative that they should be classed as 'corporate psychopaths'. Corporate psychopaths are driven by money, power, and control – and are willing to do almost anything to get them, according to the researchers.
So, is your boss a corporate psychopath? Here are the key signs to look out for.
Previous studies have shown that around 0.6 to 1.2 per cent of adults are defined as psychopaths.
This means they possess no conscience, shame, guilt, or the ability to experience love or feel empathy towards other people.
However, until now, little research has focused on psychopaths in corporate settings.
The researchers set out to investigate this in their study. Dr Clive Boddy, lead author, said: 'Highly psychopathic senior businesspeople who were quite plausibly genuine psychopaths are visible in commercial history.
'This new study aims to understand whether some corporate scandals and bankruptcies feature senior corporate officials who might be workplace psychopaths, and this has demonstrably been the case.'
The team focused on American fraudster, Bernie Madoff, who was behind the largest known Ponzi scheme in history, uncovered in 2008, and thought to be worth a staggering $64billion (£52billion).
They examined Madoff's actions against two previously established scales of psychopathy.
These included personality traits such as superficial charm and apparent intelligence; lack of sincerity or truthfulness; a tendency to cheat; a lack of remorse; being emotionally shallow; a lack of self insight; calmness; and apparent rationality.
The analysis suggests that Madoff showed signs of all of these traits – both in his role at Bernard L. Madoff Investment Securities, and in prison following his arrest.
'People have often wondered whether Bernie Madoff was in fact a corporate psychopath, and he certainly scored highly on the two measures of psychopathy utilized within this study,' Dr Boddy said.
'The findings suggest that Madoff's fraud was an outcome of his personality and that similar personalities such as Robert Maxwell and Ken Lay, have behaved in similar ways.'
The team hopes the findings will help businesses identify corporate psychopaths before they rise to the top.
'There are likely to be plenty of people in the world of corporate finance with similar psychopathic traits to Bernie Madoff,' Dr Boddy added.
'The job for financial corporations and firms, if they want to give themselves the best chance of avoiding crisis, would appear to be identifying them before they ascend to power.'
Dr Boddy will present his findings at the Chelmsford Science Festival on Monday.