People » Quote/Unquote

December 1, 2008
-Fletcher Aldredge, publisher of the Vref Aircraft Value Reference, whose data shows larger declines in price for light jets in recent quarters than for any other market segment. Source: Architectural Digest
October 1, 2008
-Steven Stolman, one of the new breed of hitchhikers who hop free rides on friends' private jets, explaining the "rules of the road" Source: The New York Times
August 1, 2008
-Sandals Resorts owner Gordon "Butch" Stewart, in his Center Stage interview.
February 1, 2008
XOJet CEO Paul Touw, commenting on air-taxi VLJ operations
December 1, 2007
-Pro golfer Douglas Tewell
October 1, 2007
-Texas billionaire Robert M. Bass, who is financing an effort to build the world's first supersonic business jet
August 1, 2007
-Shanghai-based journalist James Fallows, in The Atlantic
June 1, 2007
-Warren Buffett, in his typically folksy annual letter to stockholders of Berkshire Hathaway, which owns NetJets
April 1, 2007
-Canadian businessman Al Kroontje, on his first flight in his Sierra Stallion, a converted Citation 501SP with enhanced range and speed.
February 1, 2007
-60 Minutes producer John Hamlin, in The New York Times

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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