““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: Lobster Pot Pie
The Dish: Lobster pot pie, featuring meat from a whole fresh lobster in a white wine sauce with sautйed mushrooms and green onions, served in a homemade butter pie crust.
The Caterer: Tastefully Yours, Atlanta, (770) 455-7002,
Paula Kraft started Tastefully Yours 30 years ago as a bakery and also to cater to high-end clients and provide goods to Macy's Food Cellar in Atlanta. Some of her Macy's baked goods ended up on Atlanta-based corporate jets and the rest, as they say, is history. "It was all an accident," Kraft insisted.
For 23 years, she and her staff have served the private aircraft market in a 90-mile ring around Atlanta from their base at DeKalb-Peachtree Airport. "We don't have any non-aviation clients," she said. They operate 24/7 and offer an extensive menu of regional dishes, entrйes, salads, breakfasts and lighter fare.
The idea for the lobster pot pie began with a client's request for some upscale comfort food-a dish that stuck to the ribs like chicken and dumplings or chicken pot pie but was more elegant. "They wanted something that would make everybody feel good when they got on an airplane on a snowy ramp in winter," Kraft said. She ran with the suggestion and concocted the pot pie, which now ranks among her most-requested entrйes.