““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 ”
Lady Gaga Reads BJT
Just released on the YouTube channel of Lady Gaga: a video of the pop star intently reading the 2012 BJT Buyers' Guide as she waits to board a business jet at what appears to be Otopeni Airport in Bucharest, Romania. The video was likely shot only a few days ago, as Lady Gaga performed in Bucharest Aug. 16.
It's official: The biggest stars in the world read Business Jet Traveler.