““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 Urges Protest of General Aviation User Fees
National Business Aviation Association president and CEO Ed Bolen is urging the association's members to protest what he calls a "sweetheart deal" for the airlines that would increase user fees for general aviation. To facilitate such protest, the NBAA has developed a tool on its Web site (www.nbaa.org) that makes it easy for business aviation operators to e-mail their congressional representatives.