““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 ”
Schubach Aviation Introduces Jet Card
Schubach Aviation, which operates 21 aircraft, has introduced a jet card membership program. The San Diego-based charter operator lists benefits as a "5-percent savings on all Schubach flights, risk-free refundable balance, complimentary in-flight service, concierge service, priority availability and upgrades and detailed monthly statements." All its aircraft, according to Schubach, meet or exceed ARG/US Gold safety standards.