CEOs from highest social class take the most risks, new study finds
Thursday, February 18, 2016 - 11:31
in Psychology & Sociology
Origins of social class explain risk-taking behavior – good or bad – by the top executive at the largest U.S. public corporations, a new study explains. In a survey of 265 chief executive officers, researchers found that CEOs with lower and upper social-class origins take greater strategic risks than those who grew up in middle-class families. Within the two high-risk categories, CEOs with upper social-class origins engage in higher levels of strategic risk-taking than their lower social-class counterparts.