““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 ”
Boeing Proposes Cabin Designs for Executive 787
Boeing Business Jets has introduced design proposals for an executive/VIP version of its new Boeing 787 Dreamliner. The size of the cabin-nearly 19 feet wide and 118 feet long-makes it possible to create "a beautiful environment...whether you are looking for a flying palace or a business office in the sky," said Boeing Business Jets president Steven Hill. No less important to passenger comfort are pressurization to 6,000 feet altitude (about 2,000 feet less than the typical airliner) and environmental controls that allow for more humidity.
The Seattle manufacturer claims firm orders for seven executive/VIP versions of the 787. The twinjet is expected to offer a range of slightly more than 11,000 miles, allowing nonstop flights to any point on the globe.