““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 ”
Overseas Maintenance Service Launches
Single Point of Contact, based in Corona, Calif., has introduced an aircraft maintenance service exclusively for overseas locations. Pricing depends on the regions where an operator needs coverage and the length of the contract. A map at
www.singlepointassist.com shows airports covered and the support available at each. Areas not in the network may be added by request. Single Point isn't a directory service, said president Richard Gardner, but "an on-demand, hands-on solution to your maintenance issue."