““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 ”
Haute Cuisine: Roasted farm-fresh New England Veal
The Dish: Roasted farm-fresh New England veal tenderloin coated in a crust of puree of fennel, garlic and sage. The veal is centered with steamed Maine lobster served with cognac butter.
The Caterer: Sensations In-Flight Catering, Saugus, Mass.; (866) 233-5150; www.sensationsinflightcatering.com
Steven LaRosa and Michael DePaolis started Sensations in 2003 to serve corporate aircraft customers in the greater Boston area. Today, the company has 22 employees and kitchens and commissaries in Saugus and Bedford, Mass. Its fleet of delivery vehicles serves not only the airports of greater Boston but also those in New Hampshire and Rhode Island. In addition to catering, the company provides personal shopping services. Sensations says it has contracts with almost all of the major fractional-share companies.
LaRosa, Sensations' executive chef and co-owner, has more than 30 years' experience in the in-flight catering industry. He has been a chef at Alitalia, British Airways and Lufthansa airlines and at some of Beverly Hills' most upscale restaurants, including La Scala, Chasens and Perinos. DePaolis has owned restaurant and catering companies for seven years.
Sensations handles more than standard catering; it also arranges airborne theme parties and prides itself on satisfying unusual and demanding requests. Recently, LaRosa scrambled- at 11 p.m.-to find some specially requested pickled herring for a client.