Gillian Tett asks does organizational culture and the right ‘tone from the top’ promote responsible risk taking in banking and finance; can it help to avoid the hubristic excesses of ten years ago; have things changed for the better? Insightful Interviews with Alan Greenspan, Bob Diamond, Paul Tucker and others.
A recent study by researchers from China and the UK looked at the relationship between CEO hubris and corporate unethical behavior, specifically pollution. Using media-based evaluations of CEO hubris and firms’ appearance on the Pollution List, in a sample of 236 Chinese firms between 2015 and 2017 the researchers found that CEO hubris was significantly positively related to firm pollution. It was concluded that corporate governance mechanisms, such as decentralized decisio
The American writer Roy Scranton writes in The New York Times that the technological hubris that brought about the unintended negative consequences of climate change could contain the seeds of destruction for the Anthropocene age.