““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 ”
National Geographic Channel Documents Making of a Learjet
The National Geographic Channel recently spent two weeks filming at the Bombardier Learjet plant in Wichita for its Megafactories program. The show, which explores the inner workings of factories worldwide, will introduce viewers to the steps involved in making one business jet. The channel expects the episode to air early next year.