Study: Ego, Not Greed, Motivates Management Fraud
"Fear of failure can be a very real factor among executives who have reputations to
uphold. Executives and financial accounting professionals are invested in their reputations not just from the aspect of feeding their own ego but maintaining a myth that they are 'on the ball', 'understand” the market' and 'know how to “lead' others is required for them to be able to function in a leadership role. Should these individuals be seen as failures then they would lose the benefit of being seen as having that indescribable “je ne sais quoi” that would make others in the business world wish to work with them and for them. The company would lose status that could easily translate to financial loss."
fraud triangle