““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 ”
Feds Call for More Stringent Training for MU-2 Pilots
The FAA has issued a Special Federal Aviation Regulation that mandates pilot training in the Mitsubishi MU-2. The move came more than two years after the agency completed its latest evaluation of the aircraft's relatively high accident rate, which has nevertheless fallen in recent years below rates for other popular turboprops such as the Cessna 441 and Turbo Commander.