““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 ”
NBAA Gives Super Bowl Operations High Marks
The National Business Aviation Association has commended FAA officials for coordinating with aviation-industry stakeholders to ensure that Super Bowl-related flights on February 6 encountered a minimum of delays. According to the NBAA, the key to a major event like this is preplanning. Also important: the decision not to use slot restrictions for aircraft flying into and out of the Indianapolis area, as these can lead to delays when jets do not land exactly at their scheduled times.