““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 ”
Business Aviation Caterers
In better times, business aviation catering can be highly lucrative, particularly during special events such as a PGA tournament or a trade convention. Now, with the economy in recession and companies and individuals cutting back their flight hours, lots of caterers are struggling just to get by. "Customers I haven't seen go through belt-tightening in my 30 years in the business are taking steps to cut their catering costs," said Paula Kraft, owner and president of Tastefully Yours in Atlanta.
The good news for private jet travelers is that caterers appear to be trying to adjust their menus to accommodate clients' tighter budgets. One is offering half-portions at half the regular cost. Another is featuring boxed meals at set prices-$20, $25 and $30. "Better a small order than no order," said the owner. And quality remains high, with bizav caterers featuring a wide assortment of ethnic, organic and innovative recipes.
Getting hungry? Here are state-by-state and alphabetical listings of caterers that primarily or exclusively serve the business aviation community.
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