““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 ”
Gulfstream Tops Product Support Survey
In the latest annual product support survey by BJT sister publication Aviation International News, readers rated Gulfstream number one for both newer and older business jet support, while Pilatus scored highest for new turboprops and Mitsubishi topped the rankings for older turboprops. In the newer jets category, Cessna came in second, followed by Boeing BBJ in third place. For older jets this year, Cessna climbed to second place and Sabreliner came in third.