Swiss CEOs Improved Their Golf Handicap During Global Financial Crisis


Average improvement in their golf handicaps achieved by Swiss CEOs who were golfers during the worldwide financial crisis, according to an analysis by a team at the University of Zurich of the golf handicaps of 440 top managers in Switzerland. Improving a handicap, a golfing-skill measure that ranges from 0–36, is difficult and time consuming and thus represents time away from the office. By contrast, executives who owned their businesses suffered an average annual handicap deterioration of 0.41 during the downturn, suggesting that owners were putting in more effort to deal with the crisis than CEOs were, the researchers say.