““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 ”
Gozzer Ranch's setting is impressive enough-looking out onto the 60-square-mile Lake Coeur d'Alene in northern Idaho. More stunning is how the property's developers, Discovery Land Co., have kept the whole place rustic and in low profile. The 700-acre land plan includes a Tom Fazio-designed golf course that snuggles easily into the native contours. Long views of the lake and of the surrounding Coeur d'Alene Mountains are unimpeded, thanks to a relaxed residential envelope: only 266 homesites (each three-quarters to one acre) plus 90 cottages and lakeshore lodges.
At a base elevation of 2,500 feet above sea level, the golf ball travels a long way here. The par-72 course, ranging from 7,237 yards down to 5,100 yards, incorporates native prairie grasses in the roughs and dramatic long views-including infinity-edge looks behind greens into the Wild West. Every few holes, there's a welcome distraction-well-stocked food cabins, replete with premium cheeses, meat and liqueurs.
Gozzer Ranch sits across the lake from downtown Coeur d'Alene and is accessible via a ferry that runs every hour or so. Too bad the ferry also runs back to town. Here's a place you'd like to be stranded for a weekend or a summer.
For more information about Gozzer Ranch, call (208) 765-9034 or visit
Coeur d'alene (coe)
www.cdaairport.com10 miles north of golf course
Runway: 7,400 ft
FBOs: Resort Aviation Jet Center, (208) 772-3731;
Southfield Aviation (208) 772-6404