““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 ”
Rockwell Collins to Buy SKYLink Broadband
Rockwell Collins is buying Arinc's SKYLink broadband and plans to reintroduce it under its own eXchange brand. According to the agreement, Rockwell Collins will supply the airborne broadband hardware and after-sales support and Arinc will provide the Ku-band satellite service. Arinc will continue to handle SKYLink system sales and
support until the transition to Rockwell Collins eXchange hardware is completed.