ROYAL IMTECH

Big Boys Big Ego’s and Strategic Intelligence (2)

Narcissism is widespread at the top in both private and public companies as well as in non-profit organizations and the public sector. Narcissism is a necessary element for effective leadership, but it can, however, also become a negative trait. So we may therefore speak about positive and destructive narcissism. Examples to be emulated are Steve Jobs (Apple), Michael Eisner (Walt Disney), Jack Welch (GE), Ingvard Kamprad (IKEA), Henri Ford (Ford Motor Company), Freddie Heineken (Heineken) and Richard Branson (Virgin).

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Too often the Egos of CEOs are too Big

In 2015, a high-technological corporation in the Netherlands, Royal Imtech, with some 22,000 employees, active in infrastructure, building & construction, maintenance & control, ran into financial trouble. The main causes of this bankruptcy were the inflated egos of the former CEO and CFO, who had both held positions from 2002 till February 2013, acting like ‘sun-kings’, and a lack of monitoring and control.

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