Study shows how narcissistic CEOs influence boards of directors to take more risk

Narcissistic CEOs who also serve as chairs of the board are adept at controlling how their boards of directors focus their attention, giving the CEO the ability to get their way. A new study published in the Strategic Management Journal has found that by driving board discussions about risk-taking to hold a positive tone, narcissistic CEOs can allocate more resources toward risk-taking strategies. The findings deepen our understanding of how CEO behavior and personality types can drive risk management strategies.