I usually put mine on the shorts or somewhere on my life jacket while underway. Once off plane I take it off.
Throttling and adjusting trim in rough water I was always nervous about the cord possibly getting hung up on something and cutting the engines which could be very dangerous upon re-entry without any power and I didn't want it on my steering arm either. The only time I wear a wrist band is when I'm on a jetski. Different strokes for different folks I guess!
Here's another one.... You have the lanyard on your wrist and a helicopter flys overhead for a photo opp.. You lift your arm over your head and wave to the copter and if the lanyard is too short..... whoops... dead in the water... :rofl: