Jun 30, 2014 | 10:48 AM

All Work And No Play?

If you’re hoping to climb to the top of the corporate ladder, a professor at the Wharton School of Business has a recommendation: Don’t play golf! You heard that right. Writing on the website of Psychology Today, Adam Grant, a Ph.D. in organizational psychology and a “leading expert on success, work motivation, and helping and giving behaviors,” lists six “perks of celebrity life” that he says are bad for new CEOs. Among them: using the corporate jet for personal use, buying a mansion, winning awards, writing books, and serving on other companies' boards. But his number-one admonition is “Don’t play golf.” After admitting that good golfers make more money as CEOs, he goes on “the time they spend on the golf course hurts their companies,” quoting a study that found that as chief executives, “golfers perform worse than non-golfers and [corporate] performance decreases with golfing ability.” He also recommends turning down invitations to tee it up with “important people.” And here we thought one of the main reasons for becoming a CEO was to play golf.

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Jun 27, 2014 | 12:02 PM

'Seve' Opens

Opening at a theater today not near you is the life story of Severiano Ballesteros (only those in the UK and Ireland will find it at their multiplex). The film combines reenactments of a young Seve with archive footage of the real, adult Seve, who passed away three years ago of a brain tumor. One of the investors in the film is defending Wimbledon champ Andy Murray. "I normally try to invest in something that interests me a little bit," Murray yesterday at Wimbledon. "I watched a lot of golf when I was younger and I know my dad was a massive Ballesteros fan. He loved watching him. He used to talk about him a lot when we were growing up. I get asked about a number of investment opportunities but this was something to me that made sense. I love sport, I used to play a lot of golf and he was a pretty amazing guy. We went to watch the tournament in Gleneagles quite a few times which was just down the road from our house."

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Jun 27, 2014 | 06:52 AM

Putting The “P” In PGA

One unique aspect of the PGA Championship—to be held August 7-10 at Valhalla GC in Louisville, Kentucky—is the presence in the field of club pros who belong to the host PGA of America. Twenty pros qualified at the PGA Professional National Championship, played earlier this week at The Dunes Golf and Beach Club and Grande Dunes Resort Club in Myrtle Beach, S.C. The winner was Michael Block (above), from Arroyo Trabuco GC in Mission Viejo, Calif., who topped Jamie Broce of Ottawa Hills, Ohio, on the second hole of a sudden-death playoff. They’ll both be at Valhalla, along with:

  • Rob Corcoran, Melbourne, Fla.
  • Stuart Deane, Arlington, Tex.
  • Frank Esposito, Jr., Monroe Township, N.J.
  • Ryan Helminen, Mehasha, Wisc.
  • David Hronek, North Port, Fla.
  • Johan Kok, Brentwood, Tenn.
  • Aaron Krueger, Norwalk, Iowa
  • Jim McGovern, Oradell, N.J.
  • David McNabb, Newark, Del.
  • Brian Norman, The Colony, Tex.
  • Rod Perry, Port Orange, Fla.
  • Matt Pesta, Wixom, Mich.
  • Steve Schneiter, Sandy, Utah
  • Jerry Smith, Scottsdale, Ariz.
  • Bob Sowards, Dublin, Ohio
  • David Tentis, Woodbury, Minn.
  • Dustin Volk, Layton, Utah
  • Eric Williamson, Shoal Creek, Ala.

Video highlights of the final day’s play, including the playoff, are available on the website of the PGA of America, along with more information on the tournament and the players. Good luck, guys!

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Jun 26, 2014 | 11:00 AM

Open Odds

Tiger Woods started his first competitive round of golf since early March today at 8:10 a.m. on the 10th tee of Congressional Country Club. He’s coming off back surgery and hasn’t won a major since 2008. But neither of those facts has stopped him from being declared a co-favorite (along with Rory McIlroy) at 10/1 odds to win this year’s British Open at Royal Liverpool in England next month. Who has such confidence? That would be Ladbroke’s, the 128-year-old English gaming and online betting company, who are trying to stir up some action among the punters 21 days ahead of the season’s third major. Speaking of the majors, Ladbroke’s has U.S. Open winner Martin Kaymer and defending Open champion Phil Mickelson at 16/1, while it’s not looking as promising for Masters champion Bubba Watson, who is listed at 33/1. As for this week’s tournament, where Tiger hopes to shake off the rust in preparation for Royal Liverpool? His odds of winning are pegged at 14/1, trailing only Jason Day at 12/1.  

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