““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 ”
When You're Hungry in Hungary
Arguably the most famous restaurant in all of Hungary, Gundel-located near Heroes Square and the Budapest Zoo in the center of the city-has been wowing visitors and locals for generations. It serves stunning, mostly traditional Hungarian dishes in an elegant and charming Old World atmosphere.
Established in 1894, Gundel has a reputation as the place for visiting monarchs, politicians, pop stars and tycoons. Its interior dark woods, spectacular china and highly professional waiters are classic-you could be dining with panache in the 1890s, 1920s or 1960s.
Perennial favorites include the prototypical gulyas (gulash) soup and delicate whole-baked baby balotoni fogash (pike-perch) with lemon-butter sauce, potato with parsley and braised vegetables. Gundel's amazing array of goose liver pâtés-another Hungarian delicacy-should not be missed. Though artery clogging, the Goose Liver Trio-consisting of truffle-scented goose liver pâté, Gundel's goose liver torte and smoked goose liver-is a rare treat.
The restaurant's palacsinta's (dessert crepes) are exquisite. Try the Gundel Palascinta, a Hungarian staple featuring a succulent walnut filling in a sinful chocolate sauce.
Visitors to Gundel will waddle away impressed and sated, with timeless, sweet Hungarian paprika-flavored memories.-Bob Ecker
Gundel Restaurant, Állatkerti út 2, District 14, Budapest, Hungary, +36 (1) 468-4040, www.gundel.hu.