Commentary » Notes from the Editor

November 9, 2011
Steve Jobs with iPhone
I’ve been reading and thinking a lot about the late Steve Jobs. One thing that strikes me is how strange it sounds to precede his name with “the late.”  Another is how few people like him are running companies today. I believe the number might be approximately…zero.
September 7, 2011
Airplane
Virtually none of the growth in the general aviation field in the next decade will happen in the U.S. A certain business jet company is bound to go under or be acquired. A forthcoming aircraft model will be a flop.
August 3, 2011
Sometimes, editors simply have to guess. No, not about the facts in their articles, but about what editorial projects will pay off on the time, effort and resources invested in them.
August 1, 2011
Most of the time, business aviation makes air travel painless and trouble-free. That's what you're paying for and that's why you love it.
July 6, 2011
President Obama had barely concluded his June 29 press conference when my e-mail box began filling up with responses from the general-aviation industry. The National Business Aviation Association expressed “dismay” and announced that it was sending a “strongly worded” letter to the President about his remarks, which it said “reflect a total lack of understanding” of the field.
April 15, 2011
As you've probably read, NetJets chairman and CEO David Sokol resigned abruptly from that company and parent firm Berkshire Hathaway on March 28, after questions arose about his purchase of stock in a firm that Berkshire subsequently offered to buy.

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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