Put BJT in Your Pocket

Business Jet Traveler » October 2010
Friday, October 1, 2010 - 6:00am

The new
free Business Jet Traveler app delivers up-to-the-minute news and nearly everything else from this magazine to your iPhone or iPod Touch. To download the app, just search Apple's App Store for "BJTonline." Fresh headline news automatically updates every time you load the app. Using the customizable dock at the bottom of the screen, you can quickly navigate to articles in categories such as Bizjet Review, Fractional, Air Charter, Inside the Cabin, Safety Matters, People, Time Off and Special Reports. Touch the "more" button to see the complete list of categories. 

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Quote/Unquote

““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 ”

-David Yermack