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Article: Turning golf handicaps into investing strategy?(chief executive officers)(Statistical Data Included)
- Article from:
- Pensions & Investments
- Article date:
- October 30, 2000
- Author:
CopyrightCOPYRIGHT 2000 Crain Communications, Inc. 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)
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As investment managers, we were wondering if Tiger Woods would do a good job running a publicly traded company. Certainly chief executive officers play a lot of golf, and some of them, including General Electric Co.'s Jack Welch and Sun Microsystems Inc.'s Scott McNealy, are both successful corporate managers and accomplished golfers. Could we develop an investment strategy based on golf competence?
A recent issue of Golf Digest contained an article on golfing CEOs, and we paid close attention to the table listing the golf handicaps for 200 CEOs of Fortune 500 companies. At first glance, it was obvious that, as expected, some CEOs of highly successful companies ...