Money, meanness and power: can we counter the corrupting influence of power?
In his blog post early this week, The More Leaders Make, The Meaner They Get, Scott Berinato reports on research by Sreedhari Desai on whether sky-high pay leads to worse treatment of workers. According to Desai’s study, the answer is yes:
Increasing executive compensation results in executives behaving meanly toward those lower down the hierarchy.
Chalk one up for Lord Acton. But is it money that makes leaders meaner? Or the power connected to money? While Desai’s research shows a correlation between high pay and mean behavior, it doesn’t establish a cause between the two. Desai’s research suggests that money is an insulator. It shields leaders from the results of their actions. (more…)