““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 ”
Giving Back: Samaritan's Purse
BJT readers—who represent one of the highest-net-worth magazine audiences anywhere—clearly have the means to contribute to a better world. To help you do that, we’re spotlighting one deserving organization per issue. All of them have received a four-star overall rating from Charity Navigator (charitynavigator.org), which evaluates philanthropic institutions based on their finances, accountability and transparency.
Samaritan’s Purse (samaritanspurse.org) was created in 1970 to help those impacted by war, poverty, natural disaster, disease and famine. Its initiatives include emergency relief, to meet desperate needs of victims worldwide by providing life-saving food, supplies and shelter; women’s programs aimed at maternal and child health and preventing gender-based violence; and medical missions that send doctors, equipment and medicine to underprivileged countries. Samartian’s Purse also promotes community development and vocational programs to help people break the cycle of poverty. A particularly moving initiative is the group’s Operation Christmas Child, which delivers gift-filled shoeboxes to approximately eight million poor children in more than 100 countries each year.
Please note that Samaritan’s Purse is a nondenominational evangelical Christian organization. BJT considers charities based on their body of work, not their religious affiliations. We encourage you to review the beliefs a charity stands for before donating to make sure they harmonize with your own.