““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 ”
Gulfstream Tops in Product Support Survey
For the fifth year in a row, Gulfstream received highest honors in the product-support survey of BJT sister publication Aviation International News. The Savannah, Ga.-based company took the top spot among manufacturers of newer business jets (less than 10 years old), achieving the highest response ratings in six of nine categories, while its support of earlier models swept the older business jet group with the highest ratings in all nine categories. Pilatus topped the newer-turboprop group by the slimmest of margins, while the venerable King Air fleet took first place among older turboprops. Finally, Bell Helicopter retained the lead in rotorcraft support. Some 1,450 readers completed the survey. Full results are posted on
www.AINonline.com in the "Resource Center."