““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 ”
Man's Best Friend Deserves Fido's Best Resorts
The accommodations are accommodating, but will they accommodate man's best friend? Fido Friendly Magazine (
www.fidofriendly.com) recently showcased what its readers consider the 10 most dog-friendly luxury resorts in the U.S. About 29 million dogs travel with their owners each year, according to the Travel Industry Association of America, and some resorts appear to be keeping that in mind. The Rittenhouse Hotel in Philadelphia, for example, has fresh gourmet doggie biscuits at the concierge desk and a doorman who will take Fido for a walk.