The Sociopatholigarchy Thread

[Luther Blissett]

Bret Easton Ellis knew what the fuck was up. I seriously feel like Kubrick passed the art of gnostic storytelling on to Ellis during a dinner at the corner table in Manhattan's elite Braavido. He needed to ensure a smooth transition from the late 20th Century on into the 21st.

[Gouda]

These percentages are definitely on the low end of the truth - apart from the fact that they habitually lie, the bar for "wrongdoing" is stratospherically higher on wall street than main street. And perhaps the 25% who admit that "wrongdoing" is necessary (whatever their definition is) are not even among the sociopaths surveyed;
wouldn't the sociopaths be the ones who perceive all they do as virtuous - so why even acknowledge the terms of the survey?

Many Wall Street executives say wrongdoing is necessary: survey

10 July 2012

(Reporting By Lauren Tara LaCapra; Editing by Leslie Adler)

http://finance.yahoo.com/news/many-wall ... 34637.html

(Reuters) - If the ancient Greek philosopher Diogenes were to go out with his lantern in search of an honest man today, a survey of Wall Street executives on workplace conduct suggests he might have to look elsewhere.

A quarter of Wall Street executives see wrongdoing as a key to success, according to a survey by whistleblower law firm Labaton Sucharow released on Tuesday.

In a survey of 500 senior executives in the United States and the UK, 26 percent of respondents said they had observed or had firsthand knowledge of wrongdoing in the workplace, while 24 percent said they believed financial services professionals may need to engage in unethical or illegal conduct to be successful.

Sixteen percent of respondents said they would commit insider trading if they could get away with it, according to Labaton Sucharow. And 30 percent said their compensation plans created pressure to compromise ethical standards or violate the law.

"When misconduct is common and accepted by financial services professionals, the integrity of our entire financial system is at risk," Jordan Thomas, partner and chair of Labaton Sucharow's whistleblower representation practice, said in a statement.

The survey's release comes as the fallout from Barclays PLC's (BARC.L) Libor-rigging scandal continues and other banks including Citigroup Inc (NYS:C), HSBC Holdings PLC (HSBA.L), Royal Bank of Scotland Group PLC (RBS.L) and UBS AG (UBSN.VX) await the outcome of an industry-wide probe.