Lost? Not if you have this

Business Jet Traveler » June 2009
Monday, June 1, 2009 - 5:00am

Under the "gotta have one" heading comes this little item: a seven-ounce, cellphone-sized satellite tracking device that also serves as an emergency-locator transmitter and allows you to check in with friends and provide them with trip progress reports.

The SPOT Satellite Personal Tracker will work anywhere in the world, according to its Corona, Calif.-based distributor, Aircraft Spruce. "All it needs is a clear view of the sky," says the company. In fact, the firm notes, the device has more functions than government-mandated emergency-locator devices and can be used in flight or on the ground. The unit, manufactured by SPOT Inc. of Milpitas, Calif., operates on two AA batteries and sells for $149.99 at www.AircraftSpruce.com.

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““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 ”

-David Yermack