Frugal gourmets? Yes. Frugal CEOs? Not so much. I really enjoy Michelle Leder’s posts at footnoted* and was stopped in my tracks with her recent headline that appeared to announce that she had found another frugal CEO, aside from Warren Buffett.
The proxy filed by Dresser-Rand (DRC) indicated they had “agreed to purchase Mr. Volpe’s home in Olean, New York and all personal effects included therein for $267,500, which was their appraised value.”
Cheap digs for a CEO, even for upstate New York. Unfortunately, with a little digging, Leder found additional payments for new digs in or near Paris, a monthly housing stipend, and more money to cover the tax bill. She concludes:
We guess we’ll just have to keep looking. We’re in the midst of proxy season right now and perhaps one will turn up in the pile one day soon.
via Could there be another frugal CEO out there? | footnoted.com, 3/31/2011.