(Image Source: IOL

BY DAVID EARL

If you’ve got a lot of money in the bank, your reputation is taking a hit thanks to some California researchers. UC Berkeley has published a series of new studies -- here’s Bloomberg....

“The upper class is more likely to break laws while driving, lie in negotiations, tolerate unethical behavior at work, cheat to win prizes, and even take candy from children.”

But, maybe there’s a little silver lining for the one percent in one of the seven separate studies Berkeley did? Well.....In the two studies on driving behavior...

“...upper-class motorists were found to be four times more likely than the other drivers to cut off other vehicles at a busy four-way intersection and three times more likely to cut off a pedestrian waiting to enter a crosswalk.”

The beater truck yields to the guy trying to cross the street. But wait...see that? The BMW doesn’t. Now, the Huffington Post points out a theory about the findings of this study...

“...the unethical tendencies of upper-class individuals were partly down to greed. [That] could partly explain the banking crisis, as self-confident, wealthy bankers would be more likely to make reckless decisions.”

But at the end of the day, online opinion source The Mark isn’t surprised one bit by the findings of the Berkeley study.

“...the researchers, who, let's face it, are probably up to their necks in grad school debt, said that these findings could be due to wealthier people taking a more positive outlook on greed and being successful by any means necessary – y'know, capitalism!”

And HLN has a defense for the rich...

“You know, don’t make this about whether rich people are good or rich people are bad it’s just that maybe it’s a personality trait.”

No word on whether this study has been distributed at the major investment banks.

Study: Rich People More Unethical?

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Feb 29, 2012

Study: Rich People More Unethical?

 

(Image Source: IOL

BY DAVID EARL

If you’ve got a lot of money in the bank, your reputation is taking a hit thanks to some California researchers. UC Berkeley has published a series of new studies -- here’s Bloomberg....

“The upper class is more likely to break laws while driving, lie in negotiations, tolerate unethical behavior at work, cheat to win prizes, and even take candy from children.”

But, maybe there’s a little silver lining for the one percent in one of the seven separate studies Berkeley did? Well.....In the two studies on driving behavior...

“...upper-class motorists were found to be four times more likely than the other drivers to cut off other vehicles at a busy four-way intersection and three times more likely to cut off a pedestrian waiting to enter a crosswalk.”

The beater truck yields to the guy trying to cross the street. But wait...see that? The BMW doesn’t. Now, the Huffington Post points out a theory about the findings of this study...

“...the unethical tendencies of upper-class individuals were partly down to greed. [That] could partly explain the banking crisis, as self-confident, wealthy bankers would be more likely to make reckless decisions.”

But at the end of the day, online opinion source The Mark isn’t surprised one bit by the findings of the Berkeley study.

“...the researchers, who, let's face it, are probably up to their necks in grad school debt, said that these findings could be due to wealthier people taking a more positive outlook on greed and being successful by any means necessary – y'know, capitalism!”

And HLN has a defense for the rich...

“You know, don’t make this about whether rich people are good or rich people are bad it’s just that maybe it’s a personality trait.”

No word on whether this study has been distributed at the major investment banks.

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