““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 ”
New engines propel HondaJet in test flight flight
HondaJet has completed the first flight of its FAA-conforming advanced light business jet. The aircraft employs the GE Honda Aero HF120 engine, which is more powerful than the Honda-designed and -built HF118 used in the prototype HondaJet. In addition, its production-conforming cockpit features the Garmin G3000 touchscreen-controlled avionics system.
The conforming HondaJet performed much better than the prototype because of the more powerful engines and drag reductions that engineers were able to achieve in the latest airframe, according to Honda Aircraft Company president and CEO Michimasa Fujino. "Static stability is much better," he said, "and damping characteristics are better."
Five conforming HondaJets are planned, and deliveries are set to begin in the third quarter of 2012.