““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 ”
Geneva hosts a lending bizav forum
The European Business Aviation Convention and Exhibition drew about 13,700 attendees and 440 exhibitors last year and organizers expect a similar turnout for 2009's event, to be held May 12 to 14 at Geneva PalExpo.
In addition to exhibitors and the 60 aircraft expected to be on static display, EBACE will feature about a dozen educational sessions on issues of concern to business aircraft operators. International regulatory officials will also be on hand to discuss business aviation's future.
Geneva PalExpo is adjacent to Geneva International Airport, so visitors will be able to move easily between the convention floor and the static display. For information about exhibitors and the aircraft on display, see www.ebace.aero.
EBACE Convention News, a sister publication of BJT, will publish three daily issues during the event and post show news on www.ainonline.com.