Make It a Safe Trip

Business Jet Traveler » December 2010
Wednesday, December 1, 2010 - 11:00pm

For terrorists and other criminals, there must be few targets more inviting than high-net-worth individuals who fly privately. Which countries are safe? "None," according to Edward L. Lee II, author of Staying Safe Abroad: Traveling, Working and Living in a Post-9/11 World. Lee knows what he's talking about, having spent 30 years with the U.S. State Department, where he served as a regional security officer in Asia, Latin America and the Middle East and helped develop post-9/11 anti-terrorism strategies.

His 325-page book is an easy-to-carry 4½-by-6½-inch collection of everything you need to know about traveling safely, from threat assessment to eye-opening statistics. The volume is available from online booksellers such as Barnes and Noble and Amazon.

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““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 ”

-David Yermack