Business Jet Traveler » February 2010

February 1, 2010
Three key figures in the banking industry's attempt to rebound from the financial crisis missed a much-hyped 11 a.m. meeting at the White House on December 15 when their flights were canceled because of fog at Washington National Airport.
February 1, 2010
“It’s as if you book a hotel and have no idea what you are getting except a b
Remember Victor Kiam-the man who liked Remington electric razors so much he bought the company? Well, you might say VistaJet chairman Thomas Flohr is Kiam's alter ego-he disliked an industry so much that he started a company to try to fix it. The industry in question is business jet charter.
January 19, 2010
A Honeywell corporate jet delivered supplies and rescue workers to the ravage
A Honeywell corporate Gulfstream packed with medical supplies and aid workers flew to Port-au-Prince, Haiti, on January 18 to bring desperately needed help to survivors of the country's magnitude-7.0 earthquake.

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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