Business Jet Traveler » April 2008

April 1, 2008
To find out more about Branson's latest brand, we spoke with the man who founded it and oversees its day-to-day operations. What were you doing before this project came along? I spent most of my career in the technology business and about three years ago was introduced to private aviation.As a passenger?
April 1, 2008
“My philosophy is don’t let your losses impact your long-range direction an
James Dolan made news in the Pittsburgh business press in 1996 when he left a successful position as president and CEO of Federated Services Co., a subsidiary of Federated Investors, after 20 years with the well-established investment manager. To outsiders, it appeared to be a dream job.
April 1, 2008
Remoteness used to be a liability with golf. Now, with Ballyneal in the Color
A casual flyover of Colorado's northeast corner would suggest dead flat land. But two brothers who grew up here, Jim and Rupert O'Neal, knew of some anomalous terrain just south of the small farming town of Holyoke. Called the Chop Hills, this three-square-mile bubbling up of the land features dunes evocative of coastal Ireland.

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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