““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 ”
Use Your iPad In flight
Most business jet entertainment systems have long accommodated iPods, and the iPad is a natural addition, allowing travelers to bring their entertainment and even work content on board in a compact lightweight package. Flight Display Systems-manufacturer of high-definition cabin displays, cabin management and audio/video systems-has developed a cable adapter that plugs into the iPad, allowing its video and audio to run on the aircraft's entertainment system. The adapter ($875 plus installation) also powers the iPad, eliminating the need to plug it into an outlet. Flight Display Systems has also released an iPad mount that attaches to armrests. It can rotate the iPad into portrait or landscape mode and accommodate the cable adapter. "We think the iPad is going to be a big hit," said Flight Display Systems founder David Gray. "The airplane is always a good time to read the newspaper," he added, and iPad apps like the Wall Street Journal and New York Times eliminate bulky paper that ends up cluttering the cabin. The iPad also is ideal for catching up on movies or television shows. "A lot of flights are short," he said. "This is [like] their TiVo function."