““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 ”
NetJets Europe Adds Ultra-Long-Range Global 6000
The Bombardier Global 6000 will join NetJets Europe’s fractional fleet on February 1, allowing for flights of 6,180 nautical miles. That means trips of around 13 hours, which explains why so much attention has been paid to the 400-square-foot cabin. Big enough for 13 passengers to travel in style, it is pressurized at 51,000 feet to feel like 5,700 feet. That results in a less-tiring journey, since the human body generally does better closer to sea level, and it gives the Global an edge over some competitors.
The single-seat crew rest area can double as a private office for one of the passengers. The flight attendant and pilots have their own restroom at the front of the cabin. The passenger restroom to the rear offers in-flight access to the baggage hold.
Some of the Global 6000’s seats can morph into beds for six or seven passengers. In fact, the lounge area to the rear of the cabin can be set aside as a private bedroom with a double bed and en suite shower. However, NetJets Europe has decided against including the shower in its aircraft because the weight of the necessary water would reduce the Global’s range.