Business Jet Traveler » February 2010

February 1, 2010
“A man has to be right only three times in his life. Three major decisions ha
Stephen J. Cannell arrived in a black stretch limousine for our interview at Southern California's Van Nuys Airport, where the novelist and TV show creator, writer and producer keeps his Gulfstream III and Learjet 55. The 68-year-old Cannell is handsome and elegant while also exuding a charm that can put anyone around him instantly at ease.
February 1, 2010
After used aircraft inventory reached an all-time high last July, the market sustained a month-over-month decrease in supply, falling 8 percent below its peak of 3,100-plus.
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