The guy is a pure sociopath. I had long ago predicted this day would come and it's quite nice to see. Will be happier when he's convicted and sentenced.
http://www.sec.gov/Archives/edgar/data/1438533/0001193125152...
The guy is a pure sociopath. I had long ago predicted this day would come and it's quite nice to see. Will be happier when he's convicted and sentenced.
http://www.sec.gov/Archives/edgar/data/1438533/0001193125152...
A sociopath is someone without a conscience. That's the dictionary definition, and it's absolutely applicable in this case.
"The term sociopath is used by the public at large" Sociopath is a word, but not a diagnosis.
"and is pretty much always used"
"to dismiss the possibility of empathizing"
"with someone you don't understand or don't agree with."
In this example, you are saying he has no conscience whatsoever. This excuses you from trying to understand who he his, it excuses you from asking a question like, "What values and circumstances led him to make this decision?" You want to believe that no possible set of reasonable values, under any circumstances, could ever lead a man to make these decisions. He must have no values. He must be a "sociopath". A good, normal person like yourself could never make decisions like this. He must not be a good, normal person. He must be something else, he must be "a sociopath". He must be some special label that allows you to put him in a box where you don't have to empathize with him, where you don't have to try to understand who he really is or why he made these decisions.
His actions were without conscience, therefore he has exhibited sufficient traits for society to treat him as a sociopath. Such social cues are a major part of how humans interact, and your lack of awareness of them probably means your time would be better spent reading up on autism instead of psychopathy.
This guy is just an overconfident scam-artist who made the mistake of believing his own bullshit.
There is an argument that a far higher rate than normal of CEO's of publicly traded companies are sociopaths/psychopaths.
http://www.forbes.com/sites/jeffbercovici/2011/06/14/why-som...
http://www.patheos.com/blogs/drishtikone/2013/10/are-ceos-an...
etc.
>> EDIT: Changed "most" CEO's to "far higher rate"
I'm sure that many CEOs share a certain personality type, but to claim that most CEOs have a serious mental disorder seems ridiculous to me.
Psychopathy is characterized by a number of traits that are sometimes adaptable and sometimes maladaptive, depending on the context. Those traits include impulsivity, irresponsibility, and a lack of empathy.
There are far more psychopaths in prisons than there are in board rooms. Successful psychopathy seems rare, even among psychopaths. But, being a CEO is rare anyway, and since we can agree that many CEO's share a certain personality type, it's not a stretch to think that the personality type they share is trending towards a personality disorder, namely psychopathy.
Where do you remember reading that? I'd like to vet the reliability of the source before I make inferences on it.
Citation, please? I mean, specifically, that they don't have qualms about doing it for trivial valuation reasons. There's also an argument to be made for corporations being too reticent to fire deadwood employees. IMHO, that's just as much a problem.
Personal anecdote: I talk to our CEO pretty regularly - she's probably the only billionaire I'll ever meet. I know that she personally feels the responsibility for keeping the business viable, because it's the source of income for nearly 3,000 families.
Of course, my experience is just a single data point. But I don't see that it's any less valid than a viewpoint that, as far as I can see, is based on TV and movie drama.
If you want citations - there are vast masses out there - here is just one:
http://www.wsj.com/articles/hsbc-unveils-overhaul-of-global-...
It's not a job I'd want to do but it makes sense.
Maybe. If he hires Gerald L. Shargel, he will be out on bail and it will be a very long battle.. https://en.wikipedia.org/wiki/Gerald_Shargel
Based on this and other stories, he's a world class asshole that's publicly admitted to threatening the lives of children. Right now the feds are looking for people like him to take down and make an example of, so it's likely the Securities Fraud charges will only be the beginning.
That said, I would never take advantage of the poor, weak, or helpless.
If you have sociopathic tendencies--work on them! Whatever you do, don't cross that line where you think it's ok to take advantage of the aforementioned.
I live among a lot of wealthy sociopaths. They are in complete denial, and actually believe, "Hay it's legal! I did nothing wrong? I'll even go to church, or synagogue!".
I look at them with utter disgust. The sociopaths, I know, haven't done the damage to society like this little puke.
I don't care about his SEC violations. Every trader--strike that--successful traders; cheated on order to get their wad. They all use inside information. Yes, there's some of you who got luckey on this momentum trading these last few years--great. I'm talking about the series 7 boys who always seen to make money.
Raising the price on a drug, a drug that he knew sick patients would be paying "out of pocket" for--that's a true scumbag. The word sociopath is too nice.
If a sociopath doesn't actually care what happens to other people, they can still formulate a list of rules to follow that prevents them from appearing to be a sociopath.
I recall reading about a brain researcher who was studying the measurable physiological differences in PET scans between the brains of serial killers and the control group brains when he discovered a brain scan that matched the psychopathic pattern in some other scans done for Alzheimer's screening research. It was his own brain. [0]
Surprise! You have a serial killer brain! Why don't you act like one? Maybe you just have better impulse control. Maybe you prefer to amass your wealth as adoration from fans and acquaintances. Maybe you prefer to humiliate others in video game arenas than to get any real blood on your hands.
So a smirking asshole like Shkreli isn't just a matter of sociopathy. It's being a sociopath so incredibly careless and stupid that he just couldn't avoid inciting the torches-and-pitchforks mob against him. If you make enough people hate you, you're going down for something, even if you have been careful about following all the laws to the letter, or at least covering your tracks.
If Shkreli really is a sociopath, he won't care about getting caught or going to jail. The burr up his butt will be that other people are better at his lifestyle than he is, and can prove it. (You lose! Good day, sir!)
[0] http://www.smithsonianmag.com/science-nature/the-neuroscient...
1: http://www.ted.com/talks/jim_fallon_exploring_the_mind_of_a_...
> Every trader--strike that--successful traders; cheated on order to get their wad. They all use inside information.
Which is unprovable, and almost certainly untrue. It's the financial version of anti-intellectualism.