““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 ”
Up Front: 2013
Welcome to the second annual Chinese edition of the Buyers’ Guide from Business Jet Traveler, the bimonthly international magazine we created 10 years ago to help readers maximize their investment in private jet travel.
We were thrilled by the positive response we received to last year’s Chinese edition, and we are delighted to be back in your country, which continues to expand its business aviation footprint.
This new edition contains a valuable aircraft guide, information about business aviation manufacturers, a report on what tomorrow’s business jets will be like and more. Many people have told us that the BJT Buyers’ Guide is the one magazine they refer to all year long.
Business Jet Traveler regularly features detailed reviews of new and used jets as well as articles about buying, refurbishing, selling and chartering aircraft. We also report on luxury cars, worldwide vacation destinations and notable business jet travelers such as Donald Trump, Jackie Chan, John Travolta, Sir Richard Branson and pianist Lang Lang.
I hope you find this issue useful, and I invite you to visit our website, www.BJTonline.com, where you can sign up to receive our award-winning print magazine and our biweekly emailed newsletter, BJTwaypoints. Just click on “subscribe” at the top of the page.