Alexandria Ocasio-Cortez: Justifying psychopathic billionaires is very 2019

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Alexandria Ocasio-Cortez: Justifying psychopathic billionaires is very 2019
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The New York congresswoman was responding to a tweet about why psychopathic CEOs might be a good thing.

The Democratic representative from New York responded to a post by CNBC Make It which said: “Most successful millionaire CEOs are psychopaths—here's why it doesn't have to be a bad thing,” and linked to an article about psychopathy among business executives.

A 2009 study published in the International Journal of Law and Psychiatry by Coid et al estimated that the prevalence of psychopathy in the general population in Great Britain is somewhere between 0.6 and 1.6 percent. There have also been studies into the prevalence of psychopaths at the top of the business world. The traits of psychopathy lend themselves to individual success, particularly the lack of conscience, but these people can cause chaos in organizations as they rise up.

“Overall, the patterns of correlations and plots suggest that psychopathy is more strongly associated with style than with substance. Presumably, impression management and the ability to present well can obscure or trump subpar performance and behaviors that are damaging to the organization.”A 2017 study by Brinke, Kish and Keltner in the Personality and Social Psychology Bulletin found that hedge fund managers with psychopathic tendencies make worse investments.

"We find that language characteristic of psychopaths present in annual report narratives, questionable integrity, excessive risk-taking and failure to contribute to charitable undertakings tend to reduce future shareholder wealth," the study said.

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