““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 ”
Safety Board Concerned about Alcohol Dependency
Because of "a number of accidents," prior to which the pilots had failed to reveal substance or alcohol dependency during medical evaluations, the National Transportation Safety Board is recommending that the FAA require pilots to submit full arrest and court records to medical examiners, including details such as blood alcohol content and behavior at the time of the offense. The board also said the FAA should require all pilots diagnosed with substance/alcohol dependency to be evaluated regularly.
In response, the FAA said it has "not seen any data to support the idea that pilots' making false statements on medical certificate applications is rampant." But it added that the agency will "take a serious look at the recommendations."