““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 ”
Arinc Offers Destination Intelligence Briefings
Arinc Direct has integrated a global intelligence service into its portfolio of flight services for business jet operators. The intelligence data is being offered through iJET Intelligent Risk Systems, a worldwide provider of risk-management solutions and crisis-response services to major corporations. The alliance gives Arinc Direct users real-time access to iJET's database, from which they can retrieve information about cities and countries to which they are flying, from weather conditions and the political climate, to terrorist threats and vaccination requirements.