““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 ”
Going Places: Airshow magic hits the UK
You have to be an industry professional to visit England's Farnborough International Airshow from July 14 through 18, but anyone can enjoy the event on July 19 and 20.
Perhaps the show's most popular feature is its daily four-and-a-half-hour flying display of the world's most advanced aircraft. Many of these aircraft are also on static display, so visitors can appreciate their finer details.
The biennial airshow, which is marking its 60th anniversary this year, also provides an opportunity to see manufacturers' latest offerings for the business jet market. Among the exhibitors are Bombardier, Cessna, Dassault, Embraer, Gulfstream and Hawker Beechcraft.
For more information about the airshow, call +44 (0) 207 227-1043 or visit www.farnborough.com.
If you can't get to Farnborough, be sure to check out AINtv.com to see the daily flying displays and get the latest news from the show.