Corporate CEO’s who are narcissistic have corporations whose performance is different.
And then there is Obama … who uses “I” more frequently than … well … just about any person you’ve ever heard. Despite early claims to the contrary, recent evidence is that he’s using the first person … every 14 seconds.
Should we be concerned about this? Here’s some of the stuff they use to measure narcissism:
… The prominence of the CEO's photograph in annual reports, the CEO's prominence in press releases, the CEO's use of first-person singular pronouns in interviews …
I think Obama would score highly on those measures. And what do they find?
… Show that narcissism in CEOs is positively related to strategic dynamism and grandiosity, as well as the number and size of acquisitions, and it engenders extreme and fluctuating organizational performance. The results suggest that narcissistic CEOs favor bold actions that attract attention, resulting in big wins or big losses, but that, in these industries, their firms' performance is generally no better or worse than firms with non-narcissistic CEOs. (from "It's All about Me: Narcissistic Chief Executive Officers and Their Effects on Company Strategy and Performance" by Chatterjee and Hambrick)
Our analyses show that … narcissistic CEOs are much less responsive to recent objective performance than their less narcissistic peers; in contrast, highly narcissistic CEOs are especially bolstered by social praise. (from "Executive Personality, Capability Cues, and Risk Taking: How Narcissistic CEOs React to Their Successes and Stumbles" by Chatterjee and Hambrick)
“Favor actions that attract attention” like last month’s immigration ruling?
“Recent objective performance” like, say, our stubbornly high unemployment rate?
“Especially bolstered by social praise” like, say, the popularity of Obamacare with his supporters is more important than it’s overall low level of support?
“Performance is generally no better or worse”, like, say, Obama seems a lot like Bush III (other than the parade of people constantly shouting something like no-it’s-not la-la-la-la-la-la).
Motivated by this post at Newmark’s Door.