|
|
Article: Stamps of approval. (philately among chief executive officers) (CEO at Leisure)
- Article from:
- Chief Executive (U.S.)
- Article date:
- March 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 Chief Executive Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
As an investment, rare stamps can outstrip the S&P 500. But many CEO philatelists are passionate about what others see only as gummed paper.
When John Sununu fell from grace as White House chief-of-staff in 1991, one of the contributing causes was his use of presidential transportation to attend a stamp auction in New York. It is only at such moments that most of the non-stam collecting public becomes aware of the hobby. Serious adult stamp collectors, o philatelists, tend to keep low profiles. Usually they become known to the general media only after their deaths, when the rarities in their collections are auctioned for large sums.
"Rare stamps often are ...