Business Jet Traveler » December 2008

December 1, 2008
Want to give something really unique? How about a 2,500-mph space flight?
Running short on time to find just the right gift for a fellow business jet traveler? Need an extraordinary present for a hard-to-please friend or loved one? Here are some suggestions to simplify your treasure hunt, at prices from about $20 to $200,000.
December 1, 2008
Planning a holiday ski trip? Your fractional provider may need more advance n
One of the joys of the holiday season is getting together with friends and family from around the country-particularly when you can avoid the hassles of commercial air travel and fly privately. This is the time of year when many of our fractional-share clients get the most out of their private jet ownership.

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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