““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 ”
Bizav's biggest event set
Business aviation's biggest event-the annual National Business Aviation Association Convention-will be held in Atlanta this year, October 19 to 21. The Georgia World Congress Center will host the exhibits and more than 100 education and maintenance and operation sessions while DeKalb-Peachtree Airport will present the static display of aircraft.
Organizers of this 63rd annual event expect some 25,000 attendees. The theme of this year's convention is "Where Business Aviation Powers Business," a reference to the vital role of corporate aircraft in building a business through increased productivity and access to key markets.
Six sessions at this year's event will address issues of interest to owner-operators of light business aircraft. Topics include how to use general aviation for business purposes, the tax benefits of aircraft ownership and regulations that apply to operators of smaller aircraft.