““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 ”
Going Places: Europe's biggest bizav bash
Geneva, Switzerland, will once again host the European Business Aviation Convention and Exhibition (EBACE), held May 20 through 22. Organized jointly by the European Business Aviation Association and the U.S. National Business Aviation Association (NBAA), the convention has become the premier event for business aviation in Europe since it was launched in 2001.
Staged at Geneva's PalExpo center, as it has been since its beginning, the event attracts exhibitors and attendees from around the globe, giving it a more cosmopolitan ambiance than the annual NBAA Meeting and Convention, its counterpart in the U.S. This year's EBACE is expected to be on par with last year's, which had a record-setting 11,000 visitors and 354 exhibitors. By comparison, last year's 60th NBAA Convention had more than 32,000 visitors and 1,152 exhibitors.
Some 300 exhibitors have already signed up for EBACE 2008. In addition, more than 60 aircraft from all the major manufacturers will be on static display at Geneva International Airport.
Getting to EBACE will be relatively easy, as PalExpo borders the airport's terminal, is adjacent to a railway station and is only about two miles from downtown Geneva.
For more information, visit www.ebace.aero.