““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 ”
Mandarin Slang Prompts Gulfstream To Rename Aircraft
Gulfstream Aerospace has re-designated the super-midsize
G250 as the G280. When spoken, the numbers 2-5 in Mandarin Chinese resemble a slang term that has been variously reported as meaning "easy to go bankrupt," or "stupid." In Cantonese the numbers 2-5-0 sound a lot like "not effective." Though Gulfstream would not confirm that this is the exact reason for the name change, it did state that the move was prompted by the company's sensitivity to the varied cultures of its
growing international customer base.