““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 ”
By the Numbers: The bizav airport advantage
Supporters of business aviation often point out that there are more than 5,000 airports in the U.S. that are accessible by general aviation aircraft. But that figure includes everything from large international airline hubs to tiny grass strips. For a better comparison, we compiled a list of airports that are suitable for use by business jets and turboprops-those with paved runways that are 4,000 feet or longer. The full list includes 2,787 airports. Of these, only 128 are large, medium and small hub airports used by airlines. Not shown in the figures below are airports in U.S. territories.