““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 ”
The Golf Club at Briar's Creek
A languid, expansive quality pervades South Carolina Lowcountry marsh and it’s on display at the Golf Club at Briar’s Creek.
The 900-acre property sits in the middle of classic Intracoastal wetlands, 18 miles southwest of downtown Charleston. Massive live oaks drape the approach road, and even when you’re on the site you feel as if the land hasn’t changed in a hundred years. That’s because the Rees Jones-designed golf course exists in its own world, unencumbered by housing and with long views of nothing but fertile swamp grass, marshland and tidal estuary.
With six tees on every hole, the par-72 layout can play anywhere from 4,818 yards up to 7,117. Good thing, too, what with wetlands hazards lapping in along and across many of the holes, nowhere with more drama and heart-pounding effect than on the par-3 17th hole, which plays from 115 yards up to 235 yards across the hazard to a bulkheaded island of a putting surface.
Bike paths, hiking trails, lakes and creek beds enable members and guests here to enjoy an abundance of wildlife at the state’s first Certified Audubon Signature Sanctuary. And an elegant, understated shingle-style clubhouse and guest cottages present a rustic focal point to a property where the golf seems to rise out of the mist each morning and settle back in each night.
The Golf Club at Briar’s Creek, Johns Island, S.C.
For information, call (843) 768-3050 or (877) 718-4962 or visit www.briarscreek.com.
Charleston International Airport is 20 miles away and has a 9,000-foot main runway. FBOs: Atlantic Aviation, (843) 746-7600; Landmark Aviation, (843) 414-9200.
Charleston Executive Airport is seven miles away and has a 4,300-foot runway.
FBO: Atlantic Aviation,