““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 ”
Indianapolis FBOs Ready to Tackle Super Bowl Traffic
With Super Bowl 46 only about than two weeks away, Indianapolis-area FBOs are preparing for the arrival of approximately 1,500 business and general aviation aircraft. “We’re already at more than 60 parking reservations for the game,” Million Air Indianapolis regional director Drent Sarault told BJT sister publication Aviation International News. “Our phones are slammed with people wanting parking.” For those planning to use business and general aviation to fly in for the game on February 5, the Indianapolis Super Bowl Host Committee has set up a “know before you go” web page that includes FAA notices, airspace and security information and an interactive map showing area airports and heliports.