““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 ”
Ready, Set...Go to Reno
The National Championship Air Races and Airshow will once again be held at Reno Stead Airfield in Reno, Nev. Scheduled for September 14 to 18, this is the last pylon racing event in the world, where seven classes of aircraft race around the course–sometimes at more than 500 mph.
The show will include performances by the U.S. Air Force Thunderbirds demonstration team, the USAF F-22 Raptor and the Navy Parachute Team. Also on hand will be civilian aerobatic pilots, who will no doubt dazzle show-goers with their outside loops, square loops, torque rolls and double snap rolls. Finally, who could pass up a chance to watch the ShockWave Jet Truck race airplanes at more than 300 mph?
For the true enthusiast, a trip to the Pits is in order. There you can roam among the aircraft and interact with the pilots and crews.
Corporate chalets and hospitality options are available.
For more information, visit