““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: Mango Mousse
The dish: A light, sweet mango mousse served in a chocolate shell and topped with fresh seasonal berries, from the caterer's south Florida regional menu.
The caterer: Air Chef, (800) 247-2433, www.airchef.com.
Air Chef opened for business six years ago with the goal of bringing uniform standards to aircraft catering. Cofounder Paul Schweitzer once ran the vendor-relations program at fractional-share provider NetJets and, in that capacity, he saw both the great and the truly awful when it came to catering services afforded business jet travelers. He likes to tell the story of one FBO's attempt at catering: throwing a McDonald's bag over the airport fence. Today, Air Chef is the largest private aviation caterer, managing 300 to 500 orders daily around the world. The company-which employs quality-assurance programs such as Six Sigma-provides single-point-of-contact service through a network of more than 800 affiliates. AirChef's 24/7 CaterLink features multilingual teams who can arrange to deliver food almost anywhere, even to obscure destinations. Air Chef also owns or manages kitchens in New York; Washington, D.C.; West Palm Beach, Jacksonville and Fort Lauderdale, Fla.; Dallas; Denver; Boston; Chicago; Oakland, Calif.; and London. The company directly employs 140. Air Chef tailors its menus to regional tastes. The mango mousse has been popular among Florida travelers.