Executives that repeatedly put their own interests before that of the firm may find that they have difficulty finding another job after their current one. This is an example of

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The managerial labor market disciplining managers refers to the fact that executives who prioritize their own interests over the firm's may find it difficult to find new employment in the future. This is because the labor market for top managerial positions is small and reputation matters, so executives who have a history of self-serving behavior may be viewed negatively by potential employers. The market for corporate control and the board of directors affect a manager's position within the firm but do not necessarily impact their employability outside of the firm.

Executives That Repeatedly Put Their Own Interests Before That of the Firm