““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 ”
Keeping Kids Safe In-Flight
Two companies are promoting new child seat-restraint systems for in-flight use.
AmSafe Aviation of Phoenix's system employs an adjustable harness designed to fit any aircraft seat and is appropriate for children weighing 22 to 44 pounds (ages about 2 to 4). According to inventor Louise Stoll, it sells for about $75 through
UK-based Mann Aviation Group Engineering of Surrey, meanwhile, is offering a padded-seat-and-harness restraint system that attaches using the standard aircraft seatbelt. It weighs less than six pounds and is designed for both forward and aft-facing positions and for children from infancy through 44 pounds. For additional information, contact Mann Aviation's interior division at +44 1 276 857 888, or e-mail
Both systems have been approved by the FAA, which encourages use of child-safety devices on airplanes, but doesn't require them.