““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 ”
Hamburgers Spiced with History
The Stafford Hotel in London's tony St. James district has been welcoming guests since 1912 in a building that dates from the 17th century. Visitors come not just for the first-rate lodging, but for the facility's inimitable American Bar. You should, too.
During World War Two, this restaurant and bar was frequented by British and other Allied officers and pilots, many of whom have since returned with mementos. The ceiling is now full of objects, including models donated by aircraft designers and pilots. Yacht emblems, knickknacks from around the world and war items cover nearly every inch of the walls.
But the main attraction is the Amer-Anglo cuisine, including the succulent Stafford hamburger with cheddar cheese and homemade ketchup and the American Bar club sandwich with fries or house salad. Sunday roast beef and the traditional fish cakes with egg and caper sauce are also popular.
You can have your meal served on a little lap tray at the tiny bar tables. It's so very British–and so much fun.
The Stafford London by Kempinski, St. James Place, London, 44 (0) 20 7493 0111, www.kempinski.com/london