It's Always Tee Time On Wall Street

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We were inclined to laugh when Carl Icahn and Hank Greenberg told us that they despised golf and didn't trust executives who like the game. But all through the credit crunch we've encountered Wall Street executives who played golf while their firms faced crisis and pivotal moments.
Stan O'Neal's the most famous example. He was golfing even as his Merrill Lynch was mounting billions in losses. Dick Fuld and Jimmy Cayne are also golfers.
But it doesn't seem that the example is making much of a difference. Merrill Lynch CFO Nelson Chai was playing golf in Chicago when the firm was doing the biggest deal in recent history to sell assets and stock, CNBC's Charlie Gasparino is reporting.

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