Whether in golf or in dealmaking, Wall Street bankers love to keep score. So here's a new ranking for their record books: It shows which investment firms are tops in golf.
To compile this list, we started with Golf Digest's inaugural ranking of the top 150 golfers in finance (October 2007). We then averaged the handicap indices of the best three at each firm.
At the head of the list is Bear Stearns (BSC). The company and its CEO, James Cayne, have been in the news as two of their hedge funds melted down in the subprime mortgage crisis.
We asked the following question of Cindy Grosso, founder of the Charleston School of Protocol & Etiquette and a golfer herself:
What should you do if you spot your boss or a client cheating during a round of business golf?
Don't confront them, but quietly learn from it. How people act on the golf course speaks volumes about the way they do things in business and life.
Did they dress appropriately? How did they treat the caddies and the staff? How did they act if they missed a critical putt? Did they accept responsibility or blame something else? It can also be telling if someone cheats. If they move the ball in golf, they'll probably move the ball in business.