““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 ”
Moonlighting with the Boss
What does Business Jet Traveler editor Jeff Burger do in his spare time? Occasionally, he eats and sleeps, but mostly these days he works on book projects.
Chicago Review Press has just published Springsteen on Springsteen: Interviews, Speeches, and Encounters, which Burger edited. The book contains dozens of interviews, starting with ones from 1973, when the singer was earning $75 a week, and it follows him until 2012, when he had achieved vast wealth and worldwide fame. Some of the material hasn’t previously appeared in print and some has never previously appeared in any form. Interviewers include such well-known figures as TV’s Charlie Rose, Ted Koppel and Brian Williams; novelist Nick Hornby; and actor Ed Norton. There’s also a piece by Burger, who talked with Springsteen when the singer was 24. In addition, the book contains the performer’s best speeches at the Rock and Roll Hall of Fame, political rallies and elsewhere, plus photos by Frank Stefanko, who produced the covers for Springsteen’s The River and Darkness on the Edge of Town.
Burger’s next book will be Leonard Cohen on Leonard Cohen: Interviews and Encounters, which Chicago Review Press will publish in April of 2014, the year the iconic singer/songwriter turns 80. Featuring eight pages of rarely seen photos, a foreword by Suzanne Vega and lots of previously unavailable material, this book will contain more than 50 conversations spanning nearly half a century.