There is a theory developed by researcher Clive Boddy, according to which psychopaths working in corporations, particularly financial ones, played a significant role in the emergence of the 2008 global economic crisis. As is well known, not all managers are inclined to work for the benefit of the company that hired them. Some of them are dysfunctional leaders who literally destroy the company with their actions. One important type of such leaders are psychopathic personalities, which we will now discuss in more detail.
As we know, psychopaths in literature are defined as personalities who have problems manifesting empathy and sympathy toward other people, behave coldly and ruthlessly toward them, lack a conscience, and feel no guilt for causing harm to anyone. In turn, corporate psychopaths are individuals with similar characteristics who engage in organizational activities. They usually present themselves as pleasant, attractive, and successful individuals, but in reality, they merely manipulate everyone around them, usually to their detriment, to achieve purely personal goals.
Such individuals often receive rapid promotions and become leaders due to their charm and confidence, while they are prone to ignoring the needs of others, deceiving them, or even engaging in bullying. Furthermore, there is evidence that in some companies, including international financial corporations, psychopaths were even specifically selected for leadership positions due to the belief that such personalities are best suited for such work.
Usually, such individuals brought short-term success to companies through mass cost-cutting and employee layoffs. However, they were in no way concerned about the potential long-term harm of the strategies they chose, and in general pursued exclusively their own benefits, discarding their obligations and responsibility, striving to obtain as many personal “bonuses” as possible while everyone else was in the midst of financial litigation. From the actions of such “effective managers,” one can well expect that they will ultimately receive a large check for their efforts to “save” the company, after which it will simply go bankrupt.
Now imagine what would happen if, due to certain global changes in the corporate environment—such as increasingly frequent company mergers, the tendency of employees to change jobs more often and move to companies previously completely unknown to them, changes in the technological environment and others, which became common practice on the eve of the global crisis—psychopathic personalities received far more opportunities to occupy high positions, using not their actual work skills, but manipulation and political skills? In such a situation of growing corporate psychopathy, a corporate and social catastrophe can be expected, which is precisely what authors studying this problem warned about in their materials as early as 2005.
Such a problem has still not been given proper attention, which puts the very future of capitalism at risk. Of course, this problem is far from the only one in economic matters, but it deserves more detailed study and the application of appropriate measures.









