Business Jet Traveler » December 2011

November 14, 2011
On Fridays at my daughter's preschool, the children take a designated time out to reflect on the week: what they accomplished, what they're proud of, what they could do better and how they helped others. They set goals for the following week and then spend time discussing their families, their communities and how they can make the world a better place.

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Quote/Unquote

““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