““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 ”
Help for Do-It-Yourselfers
Want to use your own business jet or private charter? Linda Lockner of the TravelStore and Malaka Hilton of AuthentEscapes can help you arrange odysseys with privileged access anywhere in the world.
For example, should you need privacy, these experts can find secluded sanctuaries or private villas. They can arrange for personal chefs and private guides, helicopter tours, boat charters, cruises or chauffeurs and know the best times, best views and best methods to arrive and see whatever you desire.
For information on the TravelStore, visit travelstoreusa.com or call (800) 850-3224, ext. 15421. For information on AuthentEscapes, visit authentescapes.com or call (866) 994-9814.—D.L.