Delve into the ideology of one of the Captains of Wall Street for an eye-opening glimpse into narcissism. A recent Market Watch clip from an interview with Lloyd Blankfein, Chief Executive for Goldman Sachs Group Inc, reveals a pattern of disorders:
LONDON (MarketWatch) -- Goldman Sachs Group Inc.'s /quotes/comstock/13*!gs/quotes/nls/gs (GS 171.78, -1.62, -0.93%) chief executive defended the U.S. bank's bonus policies in an interview with U.K.'s Sunday Times, saying banks serve a "social purpose," and the return of high pay should be seen a sign of economic recovery.
"Everybody should be happy. Companies are looking to grow again and raise money. That's where we come in. The financial system may have led us into the crisis but it will lead us out," Lloyd Blankfein was quoted as saying by the newspaper.
According to the Times, Blankfein's pay package is likely to total GBP12 million ($19,904,458 US Dollar) this year, adding to the GBP300 million in Goldman shares he holds.
Narcissism: Diagnostic criteria (DSM-IV-TR = 301.81) (Wikipedia)
The Diagnostic and Statistical Manual of Mental Disorders fourth edition, DSM IV-TR, a widely used manual for diagnosing mental disorders, defines narcissistic personality disorder (in Axis II Cluster B) as:[6]
A pervasive pattern of grandiosity (in fantasy or behavior), need for admiration, and lack of empathy, beginning by early adulthood and present in a variety of contexts, as indicated by five (or more) of the following:
1. has a grandiose sense of self-importance
2. is preoccupied with fantasies of unlimited success, power, brilliance, beauty or ideal love (megalomania)
3. believes they are "special" and can only be understood by, or should associate with, people (or institutions) who are also "special" or of high status
4. requires excessive admiration
5. has a sense of entitlement
6. is interpersonally exploitative
7. lacks empathy
8. is often envious of others or believes others are envious of him or her
9. shows arrogant, haughty behaviors or attitudes
$19,904,458.00 US dollars per year equals $2,272.19 per minute, twenty-four hours per day, whether his company fails or succeeds. He must be special, brilliant and entitled to unlimited success and associates with institutions that are also special and of high status. Membership is by “special” invitation only.
More on industry leading narcissists.
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