Tuesday, 19 November 2019

D Goldman bk

Studies show that wealth and credentials can have a similar effect. In another experiment, Paul Piff of UC Irvine and I found that whereas drivers of the least expensive vehicles—Dodge Colts, Plymouth Sat- ellites—always ceded the right-of-way to pedestrians in a crosswalk, people driving luxury cars such as BMWs and Mercedes yielded only 54% of the time; nearly half the time they ignored the pedestrian and the law. Surveys of employees in 27 countries have revealed that wealthy individuals are more likely to say it’s acceptable to engage in unethical behavior, such as taking bribes or cheating on taxes. And re- cent research led by Danny Miller at HEC Montréal demonstrated that CEOs with MBAs are more likely than those without MBAs to engage in self-serving behavior that increases their personal compensation but causes their companies’ value to decline 



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