The corporate scandals of Enron, Tyco, Bank of America, WorldCom, and Merck during the past decade have led to an outpouring of popular press articles elaborating on the lack of regulatory oversight, complex and deceptive accounting schemes, and greed of these organizations' top leaders (McLean and Elkind 2004; Patsuris 2002; Revell and Burke 2003; Toffer and Reingold 2003). Under standing these scandals requires scrutinizing organizational leaders, their ethical sensibilities and the climates they fostered; in fact, the predominant focus of academic liter ature has been on top leaders' characters, behaviors, and formative experiences