““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 ”
Magic in the Air
After years of flying, it's easy to take air travel for granted and to see it simply as a way to move quickly from point A to point B. That's why you must watch this utterly charming film from Vodafone called An & Ria's First Flight. It's about a private jet journey by two women in their 70s, neither of whom has ever flown before. It runs nine minutes, but trust us, you'll consider it time well spent. The last few minutes are particularly priceless—and an excellent reminder of just how extraordinary it is to be up above the clouds.