““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 ”
Film fest takes flight
Lights! Camera! Airplanes! The National Aviation Hall of Fame (NAHF) at the National Museum of the United States Air Force in Dayton, Ohio, will present its second annual Reel Stuff Film Festival of Aviation March 12 to 15. The festival will feature screenings of more than a dozen aviation-themed movies-classics and contemporary features and documentaries- hosted by aviation and film-world notables involved with each title. Cliff Robertson and Clay Lacy will introduce The Pilot, while Catherine Wyler (daughter of director William Wyler) will host Memphis Belle. Twelve O'Clock High, Strategic Air Command and an episode of the Steve Canyon TV show are also on the bill, which will feature some movies in their original 35-mm format.
"This is the way they were meant to be shown," said Ron Kaplan, NAHF executive director and Reel Fest's founding director. "Film purists will love to see it, and aviation buffs will love it. There's something for everybody."
A reception, dinner and silent auction of movie memorabilia will round out the festival, which is being sponsored in part by fractional-aircraft provider NetJets. For more information, visit reelstufffilmfest.com.