““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 ”
If aviation is music to your ears
If you just can't get enough of aviation, we may have the perfect CD for you. Inspired by a love of airplanes to create what his Web site bills as a new musical genre, avant-garde Belgian composer Bruno Misonne features actual aircraft and airport noises (and in one case what sounds suspiciously like quacking ducks) on the techno-tracks of his new Aviation Music album. The selections also incorporate vocals taken from pilot, cabin and air-traffic-control recordings.
Misonne's curiously titled selections-such as "Early Morning Landing at Heathrow," "Propeller Symphony" and "Johannesburg Airport Tower Party"-might not be for everyone, but you can judge them for yourself by listening to samples at