Donald Trump

Business Jet Traveler » April 2010
Thursday, April 1, 2010 - 5:00am

--Donald Trump, who gets around on his own Boeing 727 jumbo jet (which he put up for sale in November, reportedly so he could upgrade to a more efficient model)

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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