People » CEO Files

April 1, 2007
“I’m very engaged, but I try to avoid bungee jumping into other managers’ bus
If 10 years ago you had peeked into the cockpit of almost any business aircraft or airliner in the world, you would have seen a large, boxy flight bag holding several thick leather binders with the words "Jeppesen Airway Manual" embossed on the cover.
February 1, 2007
"I spent a lot of time talking to venture capitalists. It was one of the most
Frank Robinson readily admits he's not your typical CEO. "When I worked for the big aerospace companies, I was always a bit of a maverick," he explained to me in his relatively small, Spartan office just off the production floor of Robinson Helicopter Co. in Torrance, Calif. "I don't think I could have gotten anywhere if I had stayed with any of them.

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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