Business Jet Traveler » December 2008

December 1, 2008
Jet Republic plans to buy up 110 Bombardier Learjet 60XRs, with deliveries of
Against a backdrop of tumbling stock markets and a huge banking crisis, Jet Republic has launched what it hopes will become a successful fractional and
December 1, 2008
Hole No. 17
Gozzer Ranch's setting is impressive enough-looking out onto the 60-square-mile Lake Coeur d'Alene in northern Idaho. More stunning is how the property's developers, Discovery Land Co., have kept the whole place rustic and in low profile. The 700-acre land plan includes a Tom Fazio-designed golf course that snuggles easily into the native contours.

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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