BJT Around the World: ABACE 2013

Tuesday, April 23, 2013 - 12:00pm

BJT Around the World: ABACE 2013—Impressions from the Static Display

Business Jet Traveler is working alongside sister publication AIN, broadcasting from the Asian Business Aviation Conference & Exhibition in Shanghai. Here, we report on the show's impressive static display.

BJT Around the World: ABACE 2013—Inside Today's China Market

Business Jet Traveler is working alongside sister publication AIN, broadcasting from the Asian Business Aviation Conference & Exhibition in Shanghai. Here, we attend the opening reception and get an inside take on the exciting state of bizav in China.

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Quote/Unquote

““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 ”

-David Yermack