Archive for the ‘finance’ Category

Companies with top golfing CEOs: good buy or bad buy?

Aug 8, 2002

Golf Digest posted its ranking of America’s golfing CEOs. Sun Microsystems‘ CEO Scott McNealy topped the list with a 0.3 handicap.

The question is, are companies whose CEOs appear prominently in the list a good buy or a bad buy? On the one hand, maybe they golf a lot with other CEOs, cementing deals and turning on the schmooze, or perhaps relaxing after a busy day at the office. On the other hand, these CEOs can’t be doing that much work while they’re golfing. Is there a correlation between CEOs who are good golfers and their companies’ performance? Golf Digest’s annual ranking could very well be every bit as important an investing tool as the annual report.