““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 ”
Middle East Business Aviation Show Shaping Up
The Middle East Business Aviation conference and exhibition, scheduled for January 31 and February 1 in Dubai, is shaping up well, according to organizers. The list of exhibitors already includes some of the best-known business aviation manufacturers- Airbus, Boeing Business Jets, Bombardier, Cessna Aircraft, Dassault Falcon Jet and Piaggio-and some 30 aircraft are scheduled to appear in the static display. Fairs and Exhibitions-which is organizing the event as part of a strategic alliance with the Middle East Business Aviation Association-anticipates that some 300 delegates will attend, along with as many as 3,000 industry professionals. For more details, access the show Web site at www.meba.aero.