““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 ”
Corporate Angel Network Flew Record 3,021 Patients in 2010
Corporate Angel Network (CAN) arranged corporate flights to specialized treatment for 3,021 cancer patients in 2010, a 9-percent increase over the previous record of 2,778 and a 21-percent increase over 2009 patient flights.
In September, CAN celebrated another milestone when it transported its 35,000th cancer patient, 16-month-old William Relyea, and his mother from Westchester County Airport to his home in Syracuse, N.Y. William had been receiving treatment for neuroblastoma at Memorial Sloan-Kettering Cancer Center.
Since its founding 30 years ago, CAN has grown to include 530 participating corporations, six paid staff and a team of 50 part-time volunteers who work with patients, physicians, corporate flight departments and leading treatment centers to coordinate the medical travel needs of cancer patients with the flight activity of participating corporations. The charity typically flies 250 to 300 patients to treatment each month.