““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”
Eagle Point Golf Club
Things are simple at the Tom Fazio-designed Eagle Point Golf Club in Wilmington, N.C. Forget about tee times, swimming pool or tennis. The par-72 core routing is unencumbered by housing or development. The private club is readily walkable and has a fine caddie program. It also has a lowlands sensibility that combines the nearby Intracoastal Waterway with more inland Carolina Sandhills land forms and vegetation of scrub oak and pines.
At 7,170 yards from the tips (74.5 rating/137 slope), Eagle Point provides a strong test of golf, one that's enhanced by the prevailing wind from the Atlantic Ocean, just a mile away to the east. Five sets of tee provide plenty of alternatives, though golfers will also enjoy the club's fascinating nine-hole par-3 course on the grounds-a perfect place to while away an afternoon with a drink or two in hand. For serious players, there's not only a 15-acre practice ground but also a high-tech learning center where director of golf Billy Anderson's crack staff can walk you through the wonders of a fascinating graphic swing-analysis program, Accelerized Golf.
The entire 245-acre site is focused on a traditional golf ambiance. That commitment is evident in the design and functionality of the two eight-person guest cottages. The modest pro shop has the feel of an established golf facility, with a touch of the haberdashery to it. And the clubhouse's high-ceilinged men's locker provides the kind of atmosphere one associates with the finest old facilities.
When it comes to creating a distinct, low-profile identity, Eagle Point gets it right. The town that's underappreciated for having just about the best, year-round golf weather in the country also has one of the most underrated private retreats for the game.
For more information on Eagle Point, call the club at (910) 686-4653.
WILMINGTON INTERNATIONAL (ILM)
15-mile drive to Eagle Point
Longest runway: 8,016 ft
FBO: Aero Service, (800) 526-0285
Viewing this report requires Adobe Reader be installed on your device. If it's not currently installed, click here to download.