In the 1960s, the CEO of Ampex wanted his employees to take LSD to improve their creativity. The board of directors said no, and then had to fire him after they discovered he’d snuck off anyway on a mountain hike with seven or eight engineers and given them LSD.
A study found that about one in five corporate executives are psychopaths – roughly the same rate found among prisoners.
When Nintendo had a fall in revenue from the less successful Wii U, its CEO cut his pay in half for 5 months rather than blame workers.
Michael Dell, founder of Dell Inc., once had a high school summer job selling newspaper subscriptions for the Houston Post. By targeting the demographics of newlyweds and recent home buyers, Dell made $18,000 in one summer, exceeding the yearly payroll of two of his teachers.
The highest paid CEO in the U.S. was John Hammergren of McKesson Corp in 2011, in excess of $700 million. At a company annual meeting in 2013, an employee asked for wages increases and was fired 4 months later. In June 2014, he returned to the company’s annual meeting to ask that Hammergren’s $292 million severance package be redistributed to low-paid employees. The proposal was defeated by the shareholders.
In 2013, Oxford researcher Kevin Dutton compiled a list of professions that attract the most psychopaths. It probably won’t come as a surprise that plenty of psychos become police officers, lawyers, and surgeons. However, the number one vocation chosen by psychopaths was CEO.
Yang (Lenovo’s CEO) received a $3 million bonus as a reward for record profits, which he in-turn redistributed to about 10,000 of Lenovo’s employees. He did same thing again in 2013.
A young twenty-something year old CEO took over a $9M company, fired 2/3rd of all managers and gave the power to the employees. Now it has a turnover of over $200m.
Japan Airlines’ CEO pays himself less than his employees.
Walmart’s CEO earns more in an hour than his employees earn in a year.