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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

Wilson S. Leach
Managing Director
wleach@ainonline.com

John F. McCarthy, Jr.
Executive Vice President
jmccarthy@ainonline.com

Anthony T. Romano
Publisher - North America: East/International
aromano@ainonline.com

Melissa Murphy
Advertising Sales - North America: Midwest
830) 608-9888
mmurphy@ainonline.com

Nancy O'Brien
Advertising Sales - North America: West
(530) 241-3534
nobrien@ainonline.com

Victoria Tod
Advertising Sales - North America: Great Lakes/UK
vtod@ainonline.com

Daniel Solnica
Advertising Sales - International: Paris
+33-1-42-46-95-71
dsolnica@ainonline.com

Philip Scarano
Advertising Sales - North America:Southeast
pscarano@ainonline.com

Tom Hurley
Production/Manufacturing Manager
thurley@ainonline.com

Susan Amisson
Sales/Production Administrator
samisson@ainonline.com

Jeff Hartford
Audience Development Manager
jhartford@ainonline.com

Patty Hayes
Advertising/Sales Secretarial Staff
phayes@ainonline.com

Cindy Nesline
Advertising/Sales Secretarial Staff
cnesline@ainonline.com