““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 ”
Harrison Ford To Chair 2010 Special Olympics Airlift
Pilot and actor Harrison Ford has been named honorary chairman of Cessna Aircraft's 2010 Special Olympics Airlift. "It is an opportunity for Cessna to demonstrate [its] community-minded approach, and an opportunity for all of us in aviation to do something positive," said Ford. Cessna is seeking volunteers to transport some 2,000 athletes to the next Special Olympics, which will be held July 17-24, 2010, in Lincoln, Neb. The manufacturer hopes to secure at least 325 Citations in support of the effort.