Buy a Share, Take Home a Scooter

Vespa scooter
Vespa scooter
Wednesday, November 30, 2011 - 3:00pm

A fractional share can take care of your air travel needs, but how will you get to the airport? Avantair, which features Piaggio Avanti twin-engine turboprop aircraft, is offering what could be a fun solution: For a limited time, purchase a new 50-hour fractional share or Axis Lease Program from the Clearwater, Fla.-based company and it will give you a Vespa Scooter at no additional charge. (See photo but don’t worry about having to walk the dog, as the deal doesn’t include the pug.) 

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““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