Here is a summary, of which some of the following is verbatim, some isnt, quotes were omitted, please listen to audio

as it is far more precise, Im an economic blogger, not a transcriptionist ;-). The summary is merely for those in a rush who want to tune into what is of interest, and also for the search engines to find. Not only do I think this is fantastic work, a super cause but I truly feel it is something that should be utilized a lot more. 0:05 Genesis of Fortune 100 psychopathy study as seen in the movie documentary I Am Fishead. 0:16 Dr. Paul Babiak Ph.D, Dr. Crag S. Neumann PhD., Dr. Robert Hare Ph.d got together and worked on that particular project. 0:30 Dr. Paul Babiak is a consultant for industrial organizational psychology, does consulting work for various organizations. 0:40 They approached Dr. Babiak because they wanted some high-level executives screened. 0:48 Dr. Babiak felt it would also be appropriate to screen for psychopathy, in this particular instance, as an informative measure. 1:00How the test was administered, he gave the Psychopathy Checklist Revised, the Gold-Standard of psychopathy assessments. 1:12 Twenty items, standard clinical interview administered to employees being considered for executive level positions. 1:39 Individuals are extremely cooperative, very happy to help. 1:43 One thing we know about people individuals high in psychopathy, through the literature, they dont think there is anything wrong with themits just the rest of the world that is screwed up. 1:52 If they run into problems it is not their fault. Or at least that is how they perceive it. 2:00 Individuals were extremely happy to help and cooperative. 2:15 Individuals who scored high in psychopathy were rated as much more effective in their communication skills and their creativity, so these individuals that were actually, we considered toxic people both in society and corporations, were actually evaluated higher than others in their communications skills and creativity. Which I find to be kind of a scary thing. 2:50 Psychopathy is measured by the psychopathy checklist which breaks into

four different aspects. 3:00 Aspect 1.) Being a manipulative person or a liar. 3:05 Aspect 2.) Callous, kind of a lack of empathy towards others. 3:08 Aspect 3.) Impulsivity, or more specifically a lack of impulse control. 3:15 Aspect 4.) Antisocial behavior, some kind of breaking rules, whether it be social rules or legal rules. The first two aspects were particularly related to positive overall outcomes in the sense that they were evaluated as more effective leaders and communicators. They were more creative. 3:44 But what these first two aspects giveth, the second two aspects taketh away. Evaluations were lower, productivity was lower and their ability to work with others. 4:10 Depending on the short or long checklist you consult, you get 4 to 5 percent of these executives that were interviewed meeting the threshold criteria for being a psychopath. 4:30 That is quite frightening when you consider that in the general population that you have about 1 percent of people walking among us that are psychopathic. Maybe 1.5 percent of men and 0.5 percent of women. 4:44 So that is startling a 4 to 5 fold increase. 4:50 NONE of the CEOs met the threshold for psychopathy!!! It was really the up and comers, vice presidents, senior managers, middle managers. 5:25 Good theories as to why that is. 5:38 All the malevolence doesnt come from just one type of person. 5:50 There is actually a cluster of traits that we refer to as, The Dark Triad of Personality called Machiavellianism, Psychopathy & Narcissism. 6:00 Overlap, but are distinct their unique aspects. 6:10 Machiavellians are liars and callous but they also have a lot of long-term planning. 6:30 The narcissist is the spokesperson 6:37 The henchmen are the frontment, aggressively climbing his way, that is really the psychopath.

6:50 When you get these 3 together in an organization it is a particularly toxic outcome because they feed off each others unethical behavior. 7:15 Asocial Offenders and Antisocial Offenders. Asocial Offenders are introverts, socially awkward, unable to communicate. Antisocial Offenders gets along quite well impersonally. Its just theyAntisocial Offender has no regard for rules. 7:45 B-Scans (Business Scans). How to better equip and inform corporations and other organizations for providing more information. No one gets fired or disciplined. It is extremely confidential. 8:15 We want to work with corporations to better inform them where there might be problematic areas. We really try to work at the departmental level if there is a cluster of red flags in finance or you are struggling with personality clashes in HR. Want to be able to provide corporations with tools to flag problematic areas and ultimately deal with people at the corporate level who dont see the mission of the corporation properly. Helping also screen at the entry level. Solutions for chronic problems. 9:37 The B-Scan is written in business not criminal language. Context appropriate. The B-Scan isnot divorced from the target audience. 12:11 Over 800 stories given. Individuals higher in psychopathy were less likely to go through the penal justice system. The higher the score the more they stole and the less they got caught. 13:20 Bernie Madoff and average psychopath and the people below Madoff. 14:00 Just scratching the surface. Everything before has been leadership and fostering cooperative work environments. 14:19 Were only now beginning to realize how these clinical and personality research can really form kind of derailing type of behaviors that we see in corporations. Now never has it been more critical at this juncture. Forty-three percent of all corporations report some major fraud at some point in the past few years. 14:50 There research reports estimating anywhere between $160,000,000,000.00 to $600,000,000,000.00 annually are pumped out of our economy as the result of corporate fraud. People are loosing their livelihood essentially because of these

individuals. 15:09 Its amazing and baffling to me that we are almost starting now to ask these questions. 15:17 Corporations are relatively new. 15:32 Hervey M. Cleckley and Robert Hare both kind of fed off each other. It was really late 1970s early 1980s before we really kind of had any working conception of what a psychopath really was. 15:50 Startlingly fast considering the history of the organization versus the working conception. Fortune 100 companies executives were screened for psychopathy. This was mentioned by Dr. Robert Hare in the documentary "I am Fishead." Dr. Hare was also in the documentary "The Corporation" where corporations were diagnosed as being inherently predisposed to exhibiting psychopathic characteristics. To get more information about this study, Psychopathic Economics contacted Dr. Hare and his team and interviewed Dr. Daniel N. Jones, Ph.D a postdoctoral researcher for Dr. Hare.