““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 ”
Medical Help, Wherever You Go
While bringing your doctor along on all your travels would no doubt give you peace of mind, it might not be cost-effective or practical. Since 2009, however, Black Bag has offered travelers a reasonable alternative: a worldwide 24/7 medical consultancy. When you sign on with the service, a company representative interviews you about your medical history. Then prior to a trip, you notify Black Bag, which will research medical facilities at your destination as well as any illnesses you might encounter there. Black Bag outfits you with a customized package of first-aid supplies and potentially critical prescriptions to be used after consulting a company doctor. If you require care, Black Bag can arrange a phone consultation with a specialist in its network. It can also recommend a local physician and arrange possible follow-up care.
The company, founded by a longtime ER physician, offers its services on a per-trip or yearly basis. The latter option costs $15,000 to $40,000 annually and can include medical-care plans for all areas where you have homes. For more information, visit www.blackbag.biz.