““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 ”
58 Languages on Tap
When you travel internationally, do you spend too much time thumbing through translation dictionaries and trying to pronounce unfamiliar words? Help has arrived in the form of Google Translate, a free iPhone app that covers 58 languages-everything from Afrikaans, Albanian and Arabic to Vietnamese, Welsh and Yiddish. Not only that, but you can speak your query rather than typing it in any of 15 languages and hear a spoken translation in any of 24 languages. So the next time you're in Denmark and want to tell everyone you meet that this is your favorite magazine, just load Google Translate. In seconds, you'll be proclaiming, "Business Jet Traveler er min ynollings magasin!" You'll sound like a native-and a cultured individual as well.