Overconfident CEOs are more likely to get sued

(Stevens Institute of Technology) Researchers from Stevens Institute of Technology and colleagues show that overconfident CEOs are 33 percent more likely to get sued by shareholders than CEOs with normal confidence. However, that legal action is enough to shock their system, lower confidence and curb future risk-taking behavior.

from EurekAlert! - Social and Behavioral Science https://ift.tt/2NvCLLG