I am cynical enough to believe that this signal, of having a CEO start his new job by going on holiday, is quite deliberate. We the great unwashed public are being given the message that we should not run
Goldman operatives fine upstanding men like Edward Liddy out, because look what sort of commitment to the job we get now.
Having said that, Dubrovnik, where the new CEO Robert Benmosche, has a villa, is very nice. I recommend it highly, villa or not.
From Bloomberg (hat tip reader DoctoRx):
Robert Benmosche, the chief executive officer of American International Group Inc., plans to spend part of his first month leading the insurer in Croatia on vacation, according to two people familiar with the situation.
Benmosche, 65, who started yesterday as CEO and president of the bailed-out company, will leave for about two weeks, according to one of the people, who declined to be identified because the plans were private…
“It’s probably not a propitious time for an incoming CEO to begin with a vacation,” said Steven Seiden, president of New York-based executive recruitment firm Seiden Krieger Associates. Seiden said that while the absence won’t hurt the company’s financial position, “from a public relations standpoint it’s probably not the wisest thing to do.”