““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 ”
Dassault Unveils Falcon 2000S Cabin Design
Dassault Falcon Jet unveiled the BMW Group Designworks cabin for its new Falcon 2000S at the Singapore Airshow this week. The design beat thousands of products from more than three-dozen countries to win the 2011 Good Design Award from the Chicago Athenaeum Museum of Architecture and Design and the European Center for Architecture, Art and Urban Studies. The 2000S interior–which uses visual elements such as ambient lights to optimize cabin space–is available in three variations: Sedona, which features earthy beige colors; Havana, which offers a palette of browns; and Alpine, which contrasts the colors of an alpine peak with the darker colors of earth and rock.