> the compound annual return of the respondent group is 8.97% greater than the non-respondent companies. That's actually interesting, because I could easily explain away the opposite result: CEOs who waste their time responding to personal letters aren't focused on improving company performance. For example, there's some potential negative correlation between time spent playing golf and company performance [1]. Grant…
Here's my anecdotal-experience-driven theory of what's going on with the golfing-CEO companies underperforming the non-golfing-CEO ones: it isn't a matter of lost productive hours while golfing instead of working. It's that the golfing CEOs are, as a population, different from the non-golfing ones. The golfing ones are a bit more extroverted and charismatic than the non-golfers; they "look like CEOs". They are more l…
What _does_ a typical surgeon look like, then? I didn't know they had a look.