Worried your investment is suffering because the CEO is spending too much time on the links? Don't be.
FORBES took the handicaps of ten golfers among the execs running America's 50 most valuable companies and compared them with share prices, and -- surprise! -- the better golfers also tended to have better--performing stocks.
While we would need a larger sample size to fully support our hypothesis, the results dovetail with a 2010 study from two Spanish economists. Gueorgui Kolev and Robin Hogarth from Universitat Pompeu Fabra in Barcelona found that CEOs who play golf earn more than their non golfing peers, and the better they play, the higher their pay.
The best golfing executive on our list is Comcast’s Brian Roberts, current in the middle of a protracted bid to buy Tim Warner and create a cable superpower. His 5.8 shot handicap may help that deal get done. Roberts has played golf with President Obama – a powerful friend to make on the green. Comcast stock is up 117% from 2011.
Should your CEO play more golf?
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