““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 ”
Dassault Seeks 40-percent Fuel Burn Cut by 2020
France-based Dassault is working to have ready for entry into service in 2020 technologies that would reduce fuel consumption by 40 percent compared with fuel burn from current-production Falcons. Among other things, Dassault is considering an all-electric system architecture-eliminating pneumatic and hydraulic systems-that uses smaller power generators. The noise footprint could also be halved, possibly by locating the engines above the tailplane. Additionally, Dassault is endeavoring to make production more efficient.