““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 ”
Spare Us 10 Minutes? Here's Why You Should
EDITOR'S NOTE: This blog concerns a survey that has now been completed and closed. Results will appear in the October/November 2012 issue of Business Jet Traveler.
Like me, I’m sure, you have far too much to do every day. So when you’re asked to participate in a survey, you usually take a pass. I generally do. Not only don’t I have the time, but I can rarely find a compelling answer to what I admit is one of the first questions to cross my mind: what’s in it for me?
Every year, however, a long questionnaire about my experiences with products and services arrives in my mail from Consumer Reports; and every year, I dutifully fill it out. That’s because I rely on the results of this survey when I make purchases. The findings have value to me, so I feel an obligation to contribute to them.
My hope is that you’ll respond the same way to the second annual Readers’ Choice survey from Business Jet Traveler. The results of this poll, which we’ll publish in our October/November issue, will provide the fullest picture yet of how and why people are using private aviation, the experiences they’ve had with it, the aircraft they prefer and more. The findings will help you understand what solutions have and haven’t worked for others–and what might pay off best for you.
Want more reasons to participate? I’ll give you four.
First, for every completed survey we receive, we’ll make a donation to Corporate Angel Network (see photo), a terrific charity that annually arranges more than 3,000 free flights to treatment on business aircraft for cancer patients and their families.
Second, if you complete the survey by May 31, we’ll enter you in a drawing for a $250 American Express gift card.
Third, the survey won’t take long to complete. While we’re collecting more information than we did last year, we understand that your time is valuable and have therefore streamlined data entry so that you’ll be skipped past questions that don’t apply to you, based on your past answers. The whole survey should take you no more than about 10 minutes to finish.
Last but not least, the first three people to submit the questionnaire after reading this blog post will each receive, absolutely free, their choice of a luxuriously appointed Airbus Corporate Jetliner, Boeing Business Jet or Embraer Lineage 1000.
OK, I made that one up–I guess I’m still in April Fool’s Day mode. Nevertheless, there are plenty of good reasons to participate in the survey, and I hope you’ll click here to share your experiences with and opinions about private aviation. Then watch for our October/November issue, where we’ll publish the results. Reading them may not be quite as much fun as receiving a free bizliner, but we do think you’ll find our report both illuminating and useful.