Investing: More Fraud at Companies of Ostentatiously Wealthy CEOs

CEOs with a taste for luxury goods—- expensive cars, boats, and houses—-aren't more likely to commit fraud, researchers found. But fraud is more likely to happen in the companies that they run, ....

Big-spender CEOs also tend to run companies that take bigger risks, but have poorer performance and are more likely to go bankrupt.

For more, see Study: Companies Run by Ostentatiously Wealthy CEOs More Likely to Perpetrate Fraud by Suzy Khimm, June 10, 2012 at Wonkblog.