The Psychology Behind Corporate Greed: Lessons from Bernie Madoff’s Ponzi Scheme

In today’s episode, we continue with last week’s conversation and study one of the most infamous cases of corporate greed—Bernie Madoff’s Ponzi scheme. Madoff defrauded investors of billions of dollars, leaving thousands in financial ruin.

We’ll explore the psychological and evolutionary factors that allow leaders like Madoff to manipulate entire systems for personal gain. Through the lens of evolutionary psychology, you’ll learn about how cognitive biases affect leadership selection.

You’ll also discover how adaptations for dominance lead to unethical leadership and why unchecked power fosters corporate greed. Listen to the full episode for a thorough examination of how greed and power can corrupt even the most reputable leaders.

In this episode:
00:00 Introduction
02:29 The infamous Bernie Madoff scheme
05:25 Psychological mechanisms behind Madoff's manipulation
06:32 Evolved cognitive biases in leadership
09:11 Short-term vs long-term gain bias
11:11 Psychological adaptations for dominance
13:48 Machiavellian leadership and manipulation
16:44 Power and corruption in leadership
18:15 Final thoughts on corporate greed and reflections on leadership


Get in Touch:
Website: https://www.mammothleadershipsciences...
LinkedIn:   / nicolaspokorny  
YouTube:    / @mammothleadershipsciences