““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 ”
BJT Launches Video Companion to Buyers' Guide
Business Jet Traveler Television (www.BJTtv.com) has posted an online video companion to the magazine's comprehensive Buyers' Guide 2008. The Webcasts, which also can be viewed at www.BJTonline.com, feature examples of the business airplanes in the size categories outlined by the Buyers' Guide-from very light jets to bizliners.
The videos are presented by Charles Alcock, a senior editor with BJT's sister publication Aviation International News and editorial director of AINtv.com. Alcock gives tours of the interiors of selected airplanes, pointing out the main features of the cabins and showing how much space they offer, and provides data about each airplane's performance.
For more detailed information, see BJT's Buyers' Guide 2008, which can be found at www.BJTonline.com. To order a hard copy for $24.95 (plus shipping and handling), please e-mail circulation@AINonline.com.