Commentary » Up Front

April 1, 2010
The last time we put something other than a celebrity on the cover of a regular issue was just over a year ago, when we ran photos of Detroit's embattled auto CEOs testifying before Congress [February/March 2009 issue].
February 1, 2010
Three key figures in the banking industry's attempt to rebound from the financial crisis missed a much-hyped 11 a.m. meeting at the White House on December 15 when their flights were canceled because of fog at Washington National Airport.
December 1, 2009
TOM BUFFENBARGER heads the powerful International Machinists union, which has more than 90,000 members who work in the aerospace industry. He says he'll be watching President Obama's State of the Union address in January, and is hoping to hear an eight-word phrase he says is long overdue: "Business aviation is vital to America's economic recovery."
October 1, 2009
The reasons behind Richard Santulli's sudden departure from NetJets have been the subject of speculation for weeks. Sources tell us he was forced out for failing to move aggressively enough to stem financial losses at the fractional-ownership giant. Others say he fell out of favor after rejecting calls to let go of senior managers who'd worked alongside him for years.
September 1, 2009
I decided to post news updates from this year's Paris Air Show using the microblogging site Twitter, just as an experiment in online social networking.
August 1, 2009
I'm a numbers guy, always have been. I can remember studying the stock quotes in The Wall Street Journal when I was a kid, scanning for companies I recognized and trying to recall what my father had said about the importance of each column of tiny figures.
June 1, 2009
It's an interesting time to be taking over the editorship of a magazine, especially one called Business Jet Traveler.
April 1, 2009
Business aviation has been taking it on the chin ever since Congress began pummeling the Big Three auto CEOs in December. Now any company that has taken bailout money is fair game for similar direct hits, if there is even a hint that it might be using business aviation to make itself more efficient. Citigroup unintentionally grabbed the spotlight with its order for a Dassault Falcon 7X.
December 1, 2008
News is 95 percent negative. I just made that up, but I'd bet my 401(k) that I'm within the statistical margin of error. Not that my 401(k) is worth close to what it was two months ago. At this rate I'll be working until I'm 90.

Pages

 

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