Recalling "One Giant Leap"

Business Jet Traveler » August 2007
Wednesday, August 1, 2007 - 5:00am

For those who remember where they were when Neil Armstrong and his crew took the ultimate business flight, it might be hard to believe NASA's Apollo program is celebrating its 40th anniversary this year. In the Shadow of the Moon, which opens throughout the U.S. on September 7, marks that anniversary by taking a look back at one of the 20th Century's crowning achievements.

The film features no familiar Hollywood voice as narrator. Instead, the story is told by the astronauts, who give their recollections in an earthy, occasionally humorous manner. The producers managed to include an astronaut from each of the 10 manned Apollo missions, though Armstrong maintains his legendary reclusiveness, appearing in the film only through file footage and as the subject of anecdotes by his peers. Their interviews, shot in close-up, show the wrinkles and grey hair, but it's clear their memories have in no way been diminished by the passage of time.

Using the Apollo 11 "one giant leap for mankind" mission as its framework, the movie showcases the socio-political explanations for the Apollo program and details key events in its history, from the fire during training that claimed the lives of the first Apollo crew to the in-space explosion aboard Apollo 13 and its tension-filled return to Earth. While the film brings a degree of familiarity to the men who once graced evening newscasts, for space fans the incredibly re-mastered NASA footage (some of which has been in storage for decades) is itself worth the price of admission.

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““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