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A 2006 USA Today analysisw of 115 golfing CEOs of largee companies found 25 belonging to three or more countrt clubs at thesame time. But an unscientifiv survey for USA Today of 163 CEO golfers by the CEO organization Vistagwe International this month found that 29 perceny had reduced their rounds and anothert 11 percent have stoppedplaying altogether. The publicatio n said CEOs are both busy tending to financial problems at their companies and concerned about the appearances of participating in a leisure activity when theif companies aresuffering losses. MGIC postefd a net loss of $184.65 million in its first quartefr after recording a net lossof $518.9i million in 2008 and a net loss of $1.
6u7 billion in 2007. The company’s executives are pursuinhg relief with funds from the Troubled Assetf ReliefProgram (TARP). The private mortgage insurer’s stock closexd at $3.64 on Monday, compared with $59.454 on the same date two years agoand $7.73 one year ago. Culver was rankexd by Golf Digest as the best CEO golfefof 2004. He displays a scorr card in his officre from a round in 1996 in which he beat Arnold Palmer byone stroke, USA Today Culver’s handicap has nearly doubled from 2.4 to 3.8 but he stilll finds golf a greatg stress reliever, he told USA Today. He said he is “clearlyh playing less golf,” and also has less time for familt andcommunity work.
“Obviously, our business has been very difficul the pasttwo years,” Culvef told USA Today.
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