““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 ”
Going Places: Hoops Heroes
Basketball fans should circle July 15 on their calendars. That's when the WNBA All-Star game returns to the nation's capital. The game, the eighth in the league's 11-year history, pits some of the best and most popular players of the Eastern Conference against those in the Western Conference. While the battle for bragging rights is the culmination of the event, the competition also includes a three-point shootout and the popular Dribble, Dish and Swish Skills Challenge, an obstacle course that gives select players the chance to showcase their speed, skill and accuracy.
The best airport fo r business jet travelers to use is Washington Dulles, 23 miles from the Verizon Center, which is hosting the event. The three FBOs on the field-Dulles Jet Center, Landmark Aviation and Signature-can provide fuel and services. Those who would prefer to use a non-airline field should consider Virginia's Leesburg Executive or Manassas.