““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 ”
Haute Cuisine: Air Culinaire
Filet mignon is filet mignon, right? Not according to executive chef Salvatore Lano of the Air Culinaire kitchen in South Hackensack, N.J. His Signature Filet is center-cut choice USDA, seasoned and perfectly grilled. But what really sets it apart from ordinary filet mignon is the accompanying mushroom medley, which begins with sautéed, caramelized shallots and pearl onions and a variety of high-density mushrooms. To that Lano adds a red wine to create a rich brown demi-glace and, as a final touch, truffle oil and seasonings. In what the chef describes as a sort of backwards presentation, the mushroom medley serves as a lush bed for the steak, which is finished off with a fresh herb garnish.
THE CATERER: AIR CULINAIRE, (866) 679-9341 (U.S.), +44-209-993-5522 (London, for callers outside the U.K.), www.airculinaire.com
Air Culinaire operates 13 U.S. kitchens and one in London. Caterers acting as vendors for Air Culinaire serve more than 1,000 airports worldwide under the CaterLink brand