Business Jet Traveler » February 2010

February 1, 2010
R. Donahue Peebles, a Miami real estate developer, on his Gulfstream IIB Source: NYPost.com
February 1, 2010
Arnold Palmer
Arnold Palmer isn't your typical business jet traveler. A curiosity about airplanes-and a fear of flying on early airliners-led him to the pilot's seat in 1956. He was just 27 then, but his aggressive play on the golf course and magnetic personality already were hinting at the greatness to come.
January 19, 2010
A Honeywell corporate jet delivered supplies and rescue workers to the ravage
A Honeywell corporate Gulfstream packed with medical supplies and aid workers flew to Port-au-Prince, Haiti, on January 18 to bring desperately needed help to survivors of the country's magnitude-7.0 earthquake.

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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