NEW YORK, Sept. 7 /PRNewswire/ -- There are many ways to measure the
performance of CEOs from public companies. Revenue, earnings and market
share are among the common yardsticks but Golf Digest, in its October issue
(on newsstands September 12), assesses captains of industry on a different
numerical figure that's also of paramount importance-their golf handicaps.
The full ranking of the Top 200 CEO golfers can be viewed now at
For the fifth biennial ranking, Golf Digest adjusted its criteria to
consider the top executives from Fortune 1000 companies, rather than just
Fortune 500 and S&P 500 companies, which overlap. That revision resulted in
lowering the U.S. Golf Association Handicap Index cutoff for the Top 200
from 20.0, as it was in 2004, to 15.7 or lower for the new
edition-prompting turnover of almost 50-percent on the list. (A handicap
index is a measure of a player's ability. The lower the handicap index, the
better the player.) The average handicap index of the Top 200 is 10.7.
According to the U.S. Golf Association, the national average among amateurs
is 15.0 for men and 28.0 for women.
Bragging rights on Wall Street now belong to Jim Crane of Houston-based
Eagle Global Logistics (EGL). Sporting an almost-professional handicap
index of 0.8, Crane, who is making his debut on the list at No. 1, narrowly
took the top spot from No.2-ranked Jerry Jurgensen of Nationwide (0.9
index). Curt S. Culver of mortgage insurance giant MGIC Investment, who was
No. 1 in 2004, dropped to No. 3 in the ranking (2.6 index).
Crane grew up caddying at a suburban St. Louis country club and recalls
being able to play for free on caddie day. Nowadays, most of his golf is
business-related. "If you can't close in four hours, you can't sell," Crane
says of the opportunity provided by the game.
Rounding-out the Top 10 are: T-4. Theodore L. Chandler Jr.
(LandAmerica, 3.0); T-4. John F. Lundgren (The Stanley Works, 3.0); No. 6.
Stephen E. Macadam (BlueLinx Holdings, 3.5); No. 7. Edward W. Stack (Dick's
Sporting Goods, 4.1); No. 8. Barry E. Davis (Crosstex Energy, 4.2); No. 9.
Stephen M. Bennett (Intuit, 4.4) and T-10. Michael L. Eskew (United Parcel
Service, 5.2); T-10. David A. Perdue Jr. (Dollar General, 5.2); T-10. Mayo
A. Shattuck III (Constellation Energy Group, 5.2).
Patricia Russo, the head of Lucent Technologies, remains the only woman
to make Golf Digest's CEO rankings (and was also the first, in 2002). While
the trend among the CEOs who have previously appeared in the Top 200 has
been rising handicaps, Terry Lundgren of Federated Department Stores is
going the other way. The most improved CEO golfer of the group, Lundgren
lowered his handicap index from 18.0 in 2004 to 10.9 for this year's
list-good enough to tie for 91st in the ranking.
Thirty-three states have CEOs included in Golf Digest's Top 200.
California has the most with 25, followed by New York (19,) Ohio (19) and
Texas (14). New York City has the most CEOs in the ranking of any
metropolis with 13.
The Top 30 CEOs from Golf Digest's Top 200 Ranking
NAME COMPANY HANDICAP INDEX
1. James R. Crane EGL (Eagle Global Logistics) 0.8
2. Jerry Jurgensen Nationwide 0.9
3. Curt S. Culver MGIC Investment 2.6
T-4. Theodore L. Chandler Jr. LandAmerica 3.0
T-4. John F. Lundgren The Stanley Works 3.0
6. Stephen E. Macadam BlueLinx Holdings 3.5
7. Edward W. Stack Dick's Sporting Goods 4.1
8. Barry E. Davis Crosstex Energy 4.2
9. Stephen M. Bennett Intuit 4.4
T-10. Michael L. Eskew United Parcel Service 5.2
T-10. David A. Perdue Jr. Dollar General 5.2
T-10. Mayo A. Shattuck III Constellation Energy Group 5.2
13. Scott F. Farmer Cintas 5.3
T-14. J. Kenneth Glass First Horizon National Corp. 5.5
T-14. David C. Novak Yum! Brands 5.5
T-16. Edgar M. Bronfman Jr. Warner Music Group 5.6
T-16. Nicholas D. Chabraja General Dynamics 5.6
18. Kenneth M. Jastrow II Temple-Inland 6.1
19. John P. McConnell Worthington Industries 6.1
20. Robert D. Walter Cardinal Health 6.2
21. Kennett F. Burnes Cabot Corp. 6.4
T-22. Brian L. Roberts Comcast 6.7
T-22. William P. Foley II Fidelity National Financial 6.7
24. Frank T. MacInnis Emcor Group 6.8
T-25. William (Bill) Dillard II Dillard's 6.9
T-25. Stephen M. Humphrey Graphic Packaging 6.9
T-25. James A. Rubright Rock-Tenn 6.9
28. Greg L. Henslee O'Reilly Automotive 7.0
29. Jeffrey P. Black Teleflex 7.1
30. Vernon W. Hill II Commerce Bancorp. 7.2
SOURCE Golf Digest