While Merrill was Writing Down $8 Billion, Stan O'Neal Was Playing Golf

Earlier this summer when Bear Stearns (BSC) was having trouble with two of its hedge funds, we did a post on the rounds that Bear CEO James Cayne was able to get in even as the crisis was going on. In the post, we also mentioned the handicaps of other Wall Street CEOs that we found at www.ghin.com. We gave props to Merrill (MER) CEO Stan O'Neal for having the best handicap of them all, and it only got better throughout the Summer (which we now know was quite a rough one for his company).

click to enlarge

As shown by his rounds posted below, Mr. O'Neal didn't have trouble finding time for the links, even as Merrill was working its way toward a writedown of epic proportions.

Comments

[Guadi]

21 rounds in a month and a half?

2007 Oct 25 06:46 PM

[The Forged Wedge]

I would like for him to show me how he does it. Almost always, the better CEOs are the ones with really good subordinates. I guess that is his case. Oh well, some of us are lucky and others are just plain skilled.

The Newest Golf Forum Online

2009 Apr 13 10:46 AM