““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 ”
FAA congestion pricing plan draws opposition
An FAA proposal to cut airline delays by imposing peak-period pricing to reduce congestion at busy airports is a "bad idea," according to the National Business Aviation Association. The key element of the FAA's proposal is to allow a two-part landing fee based on operations and aircraft weight. The NBAA believes that letting airports impose the two-part fee would make it easier to limit smaller aircraft traffic, including business aviation operations, and create incentives for airlines to use larger aircraft. The National Air Transportation Association, meanwhile, said the FAA should focus on "runway expansions and airport improvements to aid traffic flow at the most congested airports."