““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 ”
Mention a visit to Montserrat and you can expect quizzical expressions. Spanish mountain? Massachusetts college? West Indies island?
The name applies to all three, but only the Emerald Isle of the Caribbean beckons with shamrocks, sunshine and the still-smoldering Soufriere volcano. Travelers savvy enough to venture beyond neighboring Antigua, Guadeloupe or St. Kitts find a tropical throwback to another time. The British-governed territory endears itself to divers, nature lovers and villa vacationers with unspoiled reefs and a unique Irish-Caribbean culture. Montserrat's people maintain phoenix- like hope, despite the fact that the volcano has rendered two-thirds of their island off-limits.
Back in the eighties and early nineties, music ignited this tiny (39 square miles) mountainous isle. Sir George Martin, the former Beatles producer, built AIR Studios for recording stars like Paul McCartney, Sting and Elton John. Mick Jagger flew down too, along with Arrow, Dire Straits and Jimmy Buffett, who recorded his album Volcano here. Reggae beats pulsed in discos and nightclubs while calypso simmered through posh villas and restaurants of brightly colored stucco.
Then, on July 18, 1995, a loud rumble, like a jet roar, swept over the tropical landscape. Longtime resident and expat Carol Osborne recalls seeing smoke rise from a green mountain-not wispy puffs but powerful columns shooting skyward. The plumes kept churning and the noise kept pounding, day and night. Plymouth, the capital, and the surrounding southern hills were emptied-no small problem given that the north end of the island had little in the way of housing or other facilities for 10,000 residents.
Finally, the Soufriere Hills volcano went back to sleep, but the temperamental toddler wasn't through with her tantrums. She acted up again and again, spewing ash, which necessitated masks for breathing and numerous evacuations. Then she blew her top, exploding like a wild child flinging off her clothes, the verdant peak transformed into gray shale.
Today, she continues, a turbulent teen. One day she's gentle and kind, approaching sweet sixteen; the next day, she rages. Life with teenage Souffi, as I nicknamed her, teeters on the edge, and Montserrat is still without a new capital. Its remaining 4,500 residents will never be the same.
Still, a retreat to her simple lifestyle blesses one with a laid-back escape. Rent an inflatable kayak at Scuba Montserrat and paddle around the corner to Rendezvous Bay, the only golden-hued beach. All the others glimmer with sparkly black sand and typically lie empty, except in the fall when the green and hawksbills turtles nest ashore. Woodlands Beach, which has restrooms and showers, offers views of migratory humpback whales in the spring.
Divers plunge into the slightly warmer aquamarine Caribbean Sea (79 to 85 degrees) due to the volcano, which formed boulders, pinnacles and walls that now anchor new coral reefs. Troy Depperman at Green Monkey Dive Shop guides visitors into caves and rock formations where spotted morays, porcupine fish and octopuses hang. Deep-sea fishing benefits from the lack of cruise-ship traffic. Wahoo, bonito, shark, marlin and tasty yellowfin tuna cavort just two to three miles offshore.
Tourists, especially the eco-kind, enjoy hiking on the 14 well-marked trails established by the National Trust. At 2,437 feet, Katy Hill requires a guide, as the often-overgrown route easily leads visitors astray. The trail demands a high level of fitness and about five strenuous hours. Oriole Trail, the most frequented, provides 1,287-foot scenic outlooks and, if you're lucky, a sighting of the endangered Montserrat Oriole. James Scriber, a former forest ranger, leads hikes and recounts local lore. With his thumb, mouth and voice, he mimics their song, luring the melodic creatures out of the bush and almost into his hand. A boat ride to see the ruins of Plymouth, frequently called the modern-day Pompeii, is a must. Worldwide, no other destination compares with the ghostly apparition of the lost capital. The now-forbidden city stands as if Medusa turned it to stone.
Soufriere doesn't spew lava; she heaves red-hot rocks and boulders over the dome like popcorn, along with blasting steam currents called pyroclastic flow. They travel up to 100 miles per hour, mushrooming like clouds of an atomic bomb. During Montserrat's rainy season (usually July) gushers gather trees, rocks, ash and mud in a mixture resembling wet concrete, then flow in torrents down the ghuats (ruts) created over time. Gradually Plymouth has sunk deeper and deeper, buried in a cement stew. Sightseers cruise her shores but aren't allowed to stop. Nonetheless, the outing engulfs the senses with dusty smells, eerie quiet and a stark vision of a once-vibrant village.
Plymouth took a direct hit, but her suburbs on the neighboring emerald mountainside suffered, too. The lavish villas and Creole cottages paint a memorable still life in the government-quarantined exclusion zone.
Don't miss the Montserrat Volcano Observatory, where scientists monitor the situation 24 hours a day. Watch the 3-D documentary of past eruptions to understand the volcano's dynamic force. An eruption this past February sent ash billowing 40,000 feet and carpeted the last remnants of the control tower at the former W.H. Bramble Airport. Pyroclastic flows create new land, leaving the seawater at shoreline a gorgeous luminescent turquoise and increasing the mass from 39 square miles to more like 41. But no one can use the additional property-temperatures below the ground simmer around 300 degrees.
Folks have high hopes for the geo-thermal wattage in the volcano's core. David Lea, a longtime resident and documentary videographer, said Montserrat could become "the breadbasket of power in the Caribbean." If only the Montserratians could finance and pull off such a grand, eco-friendly project.
Passport entries come stamped in the shape of a shamrock, recalling a distinctive Irish heritage. Outside Ireland, Montserrat is the only place to declare St. Patrick's Day a national holiday. Celebrations honor the 17th-century Irish indentured servants who settled here after fleeing anti-Catholic violence and recall a failed slave uprising of March 17, 1789. Resilient islanders merge all traditions and ethnicities for a week-long party.
A parade starts near Little Bay, the proposed new capital, and marches to the Village Heritage Festival, where replicas of plantation slave huts and traditional African food take center stage. Try Duckna, a paste of shredded sweet potato, coconut and spices, wrapped in elephant-ear leaves (taro) and tied with strands of banana palm. The national dish, Goat Water, reigns most popular despite its less-than-enticing name. It looks, tastes and smells like spicy gumbo with pieces of tender goat meat.
Expats and visitors from other Caribbean islands unite at the Green Monkey Bar. The Martin Healy Band from Dublin plays, while patrons quaff pints of Guinness along with mango rum punch. But...no green beer. At Soca Cabana, reggae artist and Montserrat native Shaka Black belts a soulful tune. Music once brought prosperity to this island and now it simply unites. Mother Nature bubbles up clean mountain water, breezy trade winds and planetarium-worthy stargazing. But some days she also blows ash in the air. Come see the haunting beauty and listen to her song.