March 2018
Intermediate to advanced
256 pages
6h 32m
English
In 2016, John Stumpf, now the former CEO of Wells Fargo, was called before Congress to explain a massive scandal. For more than four hours, Stumpf fielded a range of question about why the $1.8 trillion bank he led had set up 2 million false accounts, and, after it was discovered, fired fifty-three hundred employees as a way of redirecting the blame. The recordings of the hearing are a shocking, but illustrative case study of how leaders are at a risk of being corrupted by power.
We’ve already mentioned how power statistically makes leaders less considerate and more rude and unethical. The studies done in this field by researchers like University of California, Berkeley, professor Dacher Keltner are conclusive.1 But ...