““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 ”
FltPlan.com Links with Corporate Angel Network
Online flight-planning company FltPlan.com has partnered with Corporate Angel Network (CAN) to make it easier for corporate flight departments to notify CAN of the availability of empty seats in the aircraft they fly. CAN arranges free transportation for cancer patients to treatment centers throughout the U.S., using donated space on corporate aircraft. FltPlan.com has modified its software to allow its customers who participate in the charity’s program to automatically add their flight schedules into its secure database.