““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 ”
Landmark Aviation Debuts Mobile App
Houston-based Landmark Aviation has introduced Landmark Connect, a free application that’s compatible with iPhones and iPads. (Versions for Android and Blackberry smartphones will be available soon.) According to Landmark, the app provides customers with service and contact information for every FBO in its network. The software includes service and amenity descriptions, runway maps, current weather conditions and direct-dial features.