““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 ”
Martha Stewart Creates Menus for Charter Operator
Martha Stewart is now flying charter through Farmingdale, N.Y.-based Talon Air and she appears in a lengthy video featured on the private aviation services' company website. Stewart created breakfast, lunch and dinner recipes that will be prepared by Talon Air chefs and served onboard with recommended wine pairings. Menu items include tomato-and-watermelon salad; grilled, spiced lamb chops; and old-fashioned sugar cookies. Talon Air has not disclosed the terms of its promotional deal with Stewart.