““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 ”
Here comes tomorrow's business jets
While an economic recovery sputters in the U.S. and Europe, business jet manufacturers foresee continued growth in such emerging markets as China, Latin America and Russia.
Many of these manufacturers have invested in new airplanes and in major upgrades of current models and are already being rewarded by sales in those emerging markets. The first of these new airplanes—nearly 20 of them—are expected to enter service between now and 2016.
What follows is a capsule look at business jets that have been funded and are in the development pipeline.
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