““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: Gourmet Cupcakes
The Dish: Gourmet Cupcakes. With more than a dozen variations, there's something to satisfy the most sophisticated taste. Imagine a double-chocolate cupcake with imported French chocolate; a rich red velvet cupcake with cream-cheese frosting; or perhaps a tiramisu or key-lime variant.
The Caterer: Sensations in-flight Catering, Saugus, Mass. (near Boston), (781) 233-5150, www.sensationsinflightcatering.com.
Sensations, which began serving the business aviation community five years ago, is now a major player in the Boston area. Co-owners Michael DePaolis and Steven LaRosa, whose customers include the world champion Boston Celtics, expect to open additional kitchens in Bradley, Conn., and Providence, R.I. The Boston kitchen is 10 minutes from Logan International Airport and Sensations' 28 employees keep the operation going 24/7. Last spring, the company opened an on-site bakery, bringing in three specialty chefs.
"The idea for gourmet cupcakes was born in that bakery," said DePaolis, "Believe me, they're not just for kids."
Besides the cupcakes, Sensations' bakers are doing ethnic breads, pastries, brownies and more. Seafood also takes a premier place on the menu; Dover Sole Mineau sautéed in classic lemon and wine sauce and Algonquin lobster in aged sherry butter and shallots are among the offerings.