Business Jet Traveler » December 2006

December 1, 2006
You want to watch what you want, when you want to watch it. That's why you have televisions in the living room, home theater, bedroom, kitchen, exercise room and den, and maybe even the garage and bathroom-not to mention TiVo and DVD players-and why networks are putting some shows on their Web sites.

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Quote/Unquote

““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 ”

-David Yermack