““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 ”
Website Offers Price Info to Go
Conklin & de Decker, a business aviation research and consulting firm, has introduced ACE On the Go!, an online interface for its Aircraft Cost Evaluator product. The website--accessible from any Internet browser, including those on mobile devices--provides subscribers with information about variable and fixed aircraft costs, annual budgets, quick comparisons of up to three aircraft and more. Reports are customizable to meet user-specified criteria and can be exported to Word, Excel or PDF. The software incorporates fractional data, guaranteed-maintenance-plan information, aircraft photos, exterior and interior scaled drawings and limited performance stats for more than 500 aircraft. The annual subscription price for the Aircraft Cost Evaluator is $650 for jets, $550 for turboprops or helicopters and $450 for piston aircraft. Those prices include one free update.