““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 ”
Jet Card Includes Mexican Getaway
The Flexjet 25 Jet Card program–which provides 25, 30 or 35 hours of flying time on Bombardier aircraft–is offering a bonus to customers who sign up by January 31: a getaway to Los Cabos, Mexico, created by luxury travel consultants Abercrombie & Kent. The Baja Adventure Edition jet card includes a complimentary three-night stay at the Las Ventanas resort, situated at the edge of the Baja peninsula, plus golfing on the ocean course at Cabo del Sol with PGA Tour champion Mark Calcavecchia. The trip takes place April 26-30, 2012. U.S. air carrier Jet Solutions operates flights for the Flexjet 25 program.