““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 ”
Boeing Debuts an Even Bigger BBJ
Boeing Business Jets has unveiled a 747-8 VIP cabin module that provides 807 square feet of extra floor space above the main deck. It can contain up to 16 berths or various seating options and increases total cabin space to 5,620 square feet. The manufacturer has also announced the "BBJ Convertible," which features a cargo-side door and can convert from passenger to cargo use in about eight hours.