New iPhone App Promises to Ease Fear of Flying

BJT Waypoints
An iPhone application is now available for travelers who are afraid to fly
Richard Branson on the cover of BJT, April 2008
Tuesday, December 20, 2011 - 3:15pm

An iPhone application is now available for travelers who are afraid to fly. Virgin Atlantic offers a Flying Without Fear app ($4.99), developed by Mental Workout, that features an introduction from Sir Richard Branson and includes recommended relaxation exercises, fear therapy and customized programs to prepare you for flights.

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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