|
Corporate leaders and billionaires are often viewed as visionaries and wealth creators. But beneath the surface, many are trapped in an invisible financial crisisone rooted not in market volatility or poor investments but in their psychological relationship with money. As a finance professor and editor of the forthcoming book Financial Therapy for Men, I study this often overlooked aspect of financial psychology. Money is far more than numbers on a balance sheetit carries emotional, psychological and social meaning. Peoples relationships with money are shaped by childhood experiences, cultural beliefs, and personal triumphs and failures. This emotional baggage can influence not only their sense of safety and self-worth but also how they manage power and status. The field of financial therapy emerged in the mid-2000s to address these dynamics. Drawing from behavioral economics, financial psychology, family systems theory, and clinical therapy, it aims to help people understand how their thoughts, feelings, and experiences shape financial behavior. Foundational academic work began at Kansas State University, home to one of the first graduate-level programs in the field. Since then, financial therapy has gained traction in the U.S. and globally: Its supported by a peer-reviewed journal and is increasingly integrated into professional practice by financial advisers and licensed therapists. Studies have shown that financial therapy can improve relationships and reduce emotional distress. Yet much of the field focuses on people who are emotionally open and reflectiveneglecting executives, who are often socialized to view themselves as purely rational decision-makers. I think this is a mistake. Research shows that people often project their unconscious anxieties onto markets, experiencing them as mirrors of competence, failure, or control. This means that public valuations and capital flows may carry deeply symbolic weight for corporate leaders. My research suggests that people at the highest levels of wealth and power have deeply complex emotional relationships with moneybut the field of financial therapy has largely overlooked them. This isnt an accident. It reflects a broader assumption that wealth insulates people from psychological distress. In reality, emotional entanglements can intensify with greater wealth and powerand research suggests that men, in particular, face distinct challenges. True inclusion in financial therapy means recognizing and responding to these needs. When distress becomes a leadership crisis In a 2023 studyWhen and why do men negotiate assertively?Jens Mazei, whose research focuses on negotiations and conflict management, and his colleagues found that men become more aggressive in negotiations when they think their masculinity is being threatened. This was especially true in contexts viewed as masculine, such as salary negotiations. In non-masculine contexts, such as negotiations over flexible work and child care benefits, participants werent significantly more aggressive when their masculinity was challenged. On male-coded topics, many men in the study reinforced gender norms by rejecting compromise, using hardball tactics or even inflating financial demands to reassert their masculinity. These behaviors reflect an unconscious need to restore a sense of masculine identity, the researchers suggest. If this reaction occurs in salary negotiations, how might it manifest when the stakes are exponentially higher? Emerging research in organizational psychology shows that financial stress is linked to abusive supervision, particularly among men who feel a loss of control. Further, traits such as CEO masculinity have been linked with increased risk-taking, while female CEOs tend to reduce risk. Together, these findings point to a dangerous intersection of psychological stress, masculinity and executive decision-making. M&A as a masculinity battleground Financial distress doesnt always look like bankruptcy or bad credit. Among powerful men, it can manifest as overconfidence, rigidity, or aggressionand it can sometimes lead to very uneconomical outcomes. Consider the research on M&A. Most mergers and acquisitions are value killersin other words, they destroy more economic value than they createand the field of M&A is deeply male. These two facts suggest that some mergers are driven more by threatened masculinity than by strategic logic. If men become more aggressive in negotiations when their masculinity is threatened, then CEOs and corporate leaders, who are overwhelmingly male, may react similarly when their companies, and by extension their leadership, are challenged. Target companies rarely take a passive approach to acquisition attempts. Instead, they deploy defensive measures such as poison pills, golden parachutes, staggered boards, and scorched-earth tactics. In addition to serving financial goals, these may also act as symbolic defenses of masculine authority. Mergers and acquisitions, by their nature, create a contest of power between dominant figures. The very language of M&Afor example, raiders, hostile takeovers, defenses, and white knightsis combative. This reinforces an environment where corporate leaders may view acquisition attempts as challenges to their authority rather than as just financial transactions. A growing body of behavioral-strategy research confirms that boardroom decisions are often shaped by emotional undercurrents rather than purely rational analysis. While this research stops short of naming it, the dynamics it describes align closely with what Mazei and colleagues call masculinity threat. This has direct implications for corporate M&A. The overwhelming majority of top CEOs are men, and the language of M&A often evokes siege, power struggles and conquest. In such a symbolic arena, acquisition attempts can trigger deep, emotionally charged responses, as the identity stakes are high. What appear to be strategic financial decisions may actually be refexive defenses of masculine authority. On a related note, researchers in behavioral finance have long studied the endowment effect, or the tendency for people to value assets more simply because they own them. While the endowment effect has been studied primarily among retail investors making ordinary financial decisions, it could be particularly important for corporate executives and billionaires, who have more to lose. When combined with threatened masculinity, the endowment effect can produce combustible reactions to declining valuations, missed earnings or takeover bidseven for individuals who remain vastly wealthy after marginal losses. While the research at this intersection is still emerging, the underlying behavioral patterns are well-established. What does financial therapy for the ultrarich look like? Financial therapy for high-net-worth individuals rarely looks like sitting on a couch discussing childhood trauma. Instead, it takes an interdisciplinary approach involving financial advisers, therapists, and sometimes executive coaches. Sessions tend to focus on legacy planning, control issues, guilt over wealth, or strained family relationships. Many high-net-worth men display behaviors that dont look like stereotypical financial distress. These can include compulsive deal-making, emotionally driven investment decisions, workaholism, and difficulty trusting advisers. In some cases, unresolved financial trauma shows up as chronic dissatisfaction and the sense that no achievement, acquisition, or net worth is ever enough. While financial therapy is intended to help individuals, I think it could actually be a tool for global economic stability. After all, when masculinity is threatened in corporate decision-making, the consequences can extend far beyond the boardroom. These actions can destabilize industries, fuel economic downturns, and disrupt entire labor markets. Unchecked financial anxiety among corporate elites and billionaires isnt just their own problemit can cascade and become everyones problem. From this perspective, financial therapy isnt just a personal good. Its a structural necessity that can prevent unchecked financial distress from driving destructive corporate decisions and broader economic disruptions. If financial therapy helps people navigate financial distress and make healthier money decisions, then no group needs it more than male corporate leaders and billionaires. Prince Sarpong is an associate professor at the University of the Free State. This article is republished from The Conversation under a Creative Commons license. Read the original article.
Category:
E-Commerce
It seems the market has spoken when it comes to phones with physical keyboards. BlackBerry exited the mobile hardware business almost a decade ago, and its licensing partners like TCL appear to have given up on the idea as well. For better or worse, the world now largely runs on people typing and swiping words onto glass surfaces. That doesnt mean the loss doesnt sting for the diehards. For some, theres just no substitute for a physical keyboardand thats who Unihertz is hoping to serve with its new Titan 2. Unihertz is a small company based in China that designs extremely niche smartphones. Sometimes theyll have tiny screens, like the Jelly line; sometimes theyll have a rugged build, like the original Titan; sometimes theyll have both, like the Atom. The Titan 2, which is available to order on Kickstarter now, is the companys fourth attempt at a phone with a physical keyboard. {"blockType":"creator-network-promo","data":{"mediaUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2025\/03\/multicore_logo.jpg","headline":"Multicore","description":"Multicore is about technology hardware and design. It's written from Tokyo by Sam Byford. To learn more visit multicore.blog","substackDomain":"https:\/\/www.multicore.blog","colorTheme":"salmon","redirectUrl":""}} A new approach The Titan 2 takes a different approach to Unihertzs previous keyboard-equipped phones, however. The design is much sleeker and feels like a better fit for the kind of professional whos likely to have lingering BlackBerry nostalgiathe original Titan looked more like something youd take onto an oil rig. This is still a fairly hefty phone, at 10.8 millimeters thick and 235 grams with a boxy metal build. But it feels reassuringly solid rather than excessively rugged. The synthetic leather on the back panel is a nice touch, too. At $400, or $269 at current early-bird pricing, you cant expect particularly high-end specs. Theres a MediaTek Dimensity 7300 processor that does the job, and a dual-camera setup that mostly doesnt. The 12GB of RAM, 512GB of storage, and 5,050mAh battery with 33W charging are all pretty standard. [Photo: Unihertz] The screen is really the killer spec here, featuring an unusual 4.5-inch 1440-by-1440 LCD panel. That might not sound huge in an age where iPhones can push 7 inches, but because its squarelike the BlackBerry Passportits much wider than any conventional smartphone. This makes the Titan 2 great for browsing websites and viewing documents, though its less ideal for scrolling through social media. You can switch the screen to a vertical 4:3 window with a swipe gesture, which sacrifices some real estate on the sides but gives a more comfortable experience in apps like X and Instagram. Theres also a secondary OLED screen on the phones back panel, which is largely a gimmickyou can use it with built-in tools like a clock, a compass, or a selfie viewfinder, or add other Android apps yourself to see how they run. If ever youve wanted to watch Netflix on a screen the size of an Apple Watch, now you can. The keyboard Below the main screen, of course, is the keyboard. I was never much of a BlackBerry addict myself, but I do think the Titan 2s keyboard feels great to use. The backlit keys are easy to distinguish from one another and give strong tactile feedback; the surface is also touch-sensitive so you can use it to scroll and swipe through apps. There is something of a learning curve to figuring out how to make the most of the keyboard and use the modifier buttons in combination with the letters, but its fairly self-explanatory and just takes an hour or two of practice. [Photo: Unihertz] One thing I will say about the Titan 2 keyboard is that even after getting used to it, Im nowhere near as fast as I am on a touchscreen. Former BlackBerry obsessives might take issue with this, but even as someone who never uses autocorrect, I still think Im a lot faster using swipe-to-type and word prediction on a touchscreen than I could ever be on a keyboard like this. Tangible feedback But that doesnt mean theres no value to a physical keyboard or no advantage over a touchscreen. I like using manual gearboxes in cars and physical dials on cameras, for example, even though faster automatic solutions exist for both. What they have in common with the Titan 2, or the BlackBerry before it, is the satisfyingly tangible feedback and the sense of intention when you use them. Youre in control. When you press a key on the Titan 2 keyboard, you know whats going to happen. You can feel that you pressed it and see the letter pop up right away. Theres no prediction algorithm to mess up your spelling and much less chance to miss your key altogether. I know my typing nets out slower on this phone than it would on any regular smartphone, but I do spend much less time needing to correct my own copy. Typing on the Titan 2 is a deliberate, involved experience with much less frustration. Not for everyone This phone clearly isnt for everyone. The camera is pretty bad and the software is unpolished. I wouldnt recommend it to anyone who wasnt really sure that they wanted a physical keyboard, and even then it probably makes more sense as a secondary device. But for those peoplethe people who held out longer than anyone else before giving up their BlackBerrythe Titan 2 might just end up as their favorite phone in the world today. Its clearly Unihertzs best take onthe concept yet, and no one else is really trying to compete. {"blockType":"creator-network-promo","data":{"mediaUrl":"https:\/\/images.fastcompany.com\/image\/upload\/f_webp,q_auto,c_fit\/wp-cms-2\/2025\/03\/multicore_logo.jpg","headline":"Multicore","description":"Multicore is about technology hardware and design. It's written from Tokyo by Sam Byford. To learn more visit multicore.blog","substackDomain":"https:\/\/www.multicore.blog","colorTheme":"salmon","redirectUrl":""}}
Category:
E-Commerce
Casually mentioning canceling a doctors appointment or skipping something personal to take on more work has become the new humblebrag. Its rarely treated as a big deal, and often, its delivered with self-deprecating pride: Oh, Ill just cancel my doctors appointment to crank this out, or I was up until midnight finishing that deck. These arent just updates, but quiet auditions for Most Dedicated Employee. Many of us hear those lines, or say them ourselves, and think, Wow, thats commitment. But what were really doing is reinforcing workplace culture that rewards exhaustion instead of impact. Too often, self-sacrifice is confused with value, and that mindset is burning people out. The result is burnout factories dressed up as high-performance cultures. And this isnt just anecdotal. According to Gallups 2023 State of the Global Workplace report, nearly 60% of employees report feeling emotionally detached at work, and nearly 1 in 5 say theyre miserable. Thats not high performance, its slow, silent collapse. If you want to show up with focus, creativity, and resilience (at work and in life) it starts by putting down the invisible sword too many of us keep falling on. Heres what that looks like in practice: 1. Stop glorifying sacrifice Weve been conditioned to admire the person who pushes through, the one who skips lunch, works late, or shows up sick. Weve equated overextension with excellence and decided that making ourselves perpetually available signals dedication and makes us irreplaceable. But this constant grind isnt sustainable, and not to be a bubble buster, but it also doesnt guarantee job security. It does, however, guarantee exhaustion. In a culture of depletion dressed up as drive, the truth no one wants to say out loud is that just because someones willing to sacrifice everything for work doesnt mean they should be expected to, or applauded for it. What You Can Do: Celebrate boundaries out loud. Tell your team when youre logging off, and why. Compliment coworkers who prioritize recovery. Make self-preservation visible, respected, and routine. Someone who takes one for the team isnt always the hero, and we need to stop making them out to be. Most importantly, we need to stop reinforcing bad behavior. 2. Redefine loyalty Too many of us equate loyalty with self-abandonment. We mistake constantly being on for being dependable. But true loyalty isnt about erasing yourself but about showing up consistently and sustainably. Loyalty to your job shouldnt come at the expense of loyalty to your body, your family, your health, or your own values. The people who build long, meaningful careers arent the ones sprinting from sacrifice to sacrifice. Theyre the ones who understand how to pace themselves and advocate for what they need. What You Can Do: Before saying yes to adding more to your work plate, ask yourself: Does this align with my actual priorities and capacity? Because, it is possible to be deeply committed to your work without constantly proving your worth through overextension. 3. Question urgency culture So many fire drills at work are just . . . smoke. Tasks labeled urgent are often driven by someone elses disorganization, perfectionism, or anxiety, not an actual need. When everything is urgent, nothing truly is. Urgency culture thrives in environments where people are afraid to slow down or challenge assumptions. But what if part of being a great teammate wasnt speed, it was discernment? What You Can Do: Practice pausing to ask: Whats the real deadline here? Whats the consequence if it moves? Normalize not taking ASAP at face value. Sometimes urgency is warranted. Often, its just a default setting weve forgotten how to question. 4. Trade perfectionism for progress As a recovering perfectionist, I can attest to the fact that perfectionism is sneaky. It masquerades as diligence and high standards but more often than not, its actually fear in a super sharp blazer. Fear of judgment, failure, or not being good enough. In high-pressure work cultures, perfectionism isnt just tolerated, its celebrated. But if youre spending hours tweaking slide formatting or rewriting a perfectly clear email for the fourth time, maybe its time you ask yourself who youre really trying to protect. Perfection rarely drives impact, but it always drains energy. What You Can Do: Pick one thing this week to do at 85%. Then walk away. The deck doesnt need one more alignment check. The email is fine as is. Let good enough be good, and reclaim that energy for something else. 5. Be the example, not the exception Its easy to think change starts at the top. But culture isnt just set by leadership, its shaped by what we tolerate, model, and reinforce at every level. If youre tired of performative burnout, you cant just opt out silently. You have to opt-in to something different. Culture shifts through visible choices. Through the senior leader who leaves loudly at 5 p.m. to the teammate who says, Im not available tonight, but I can jump in first thing tomorrow, all the way to the employee who takes a mental health day without apology. What You Can Do: Audit your behavior. Are you constantly over-delivering? Do you reward fire drills and penalize slow, thoughtful work? Start showing people what sustainable excellence looks like. Bottom line: You dont need a policy change to be a culture shifter. The workplace is changing in slow but meaningful ways. And, these changes dont just happen because HR rolls out a new initiative, but when enough people, at every level, stop performing exhaustion as proof of commitment. So next time that reflex kicks in, the one that tells you to push through, to cancel something personal, to over-deliver just to be seen, pause. Ask yourself: Is this really necessary? You shouldnt have to earn your worth through burnout, and youre allowed to take care of yourself and still be exceptional. In fact, that might be the most powerful thing you can do.
Category:
E-Commerce
All news |
||||||||||||||||||
|