I have received favorable comments on my observation connecting the state of a corporate headquarters’ stairways with their long-term performance. Unconventional or bizarre is in the eye of the beholder.
While I was reading the Wall Street Journal recently the following article (actually a reprinted blog) caught my eye "The Link Between CEO Mansions and Stock Prices". Two finance professors, David Yermack of
brethren by 7%. And those CEOs who purchased the mega-mansions after they took the CEO job "lagged the behind the S&P by about 25% in the three years after the purchases."
wealthy person who instead buys a reasonable, but not mega-mansion-size house. Ostentatious, self-assured or self-absorbed might work well when the going is good but gets in the way when you need to steer the corporation through changes. Why sweat it out when you go home to your mega-mansion?
The definitive work on unconventional economic observations was written by Steven Levitt and Stephen Dubner in their book Freakonomics. This book illustrated us that rogue or "offbeat" approaches to economics or finance sometimes do make sense. I have heard Steven Levitt as a keynote speaker at the Gartner BI Conference last year and found his ideas fascinating and enjoy his blog.