““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 ”
Street Artist to Paint Bombardier Global Express
Switzerland-based business jet provider
VistaJet has commissioned Los Angeles street artist Retna to paint the tail of its largest corporate jet, a Bombardier Global Express XRS. The airplane will be unveiled in April. Along with Bombardier Business Aircraft, VistaJet is sponsoring a traveling exhibition of Retna's paintings called "The Hallelujah World Tour." The tour commenced in New York City on February 10 with a party in the 13,000-square-foot warehouse that is currently displaying 36 of Retna's works.