““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 ”
Haute Cuisine: Jumbo prawns
The dish: Jumbo prawns hand-rubbed in a selection of dried chilis and served with mangoes, tomatoes, cucumbers and cotilla cheese with choice of dressing.
The caterer: In Flight Services, Phoenix, (866) 844-2300.
In Flight is a regional aircraft caterer operating from airports in Arizona (Scottsdale, Phoenix, Deer Valley, Falcon Goodyear and Williams Gateway), Southern California (from Orange County to San Diego) and New Mexico (including Albuquerque and Santa Fe). The company also provides personal shopping services. The caterer-whose clients range from corporations and fractional owners to sports teams and airline charters-provides periodic coaching to flight attendants on such topics as site preparation, wine pairing, heating and cooking. While In Flight features an extensive menu, it does accommodate custom orders. It will supply VIP silverware, glassware, china and linen upon request.