Business Jet Traveler » June 2011

April 15, 2011
A Piaggio P.180 Avanti II aircraft has been painted by artist Mimmo Paladino and is on display through April 28 in the Galleria Vittorio Emanuele II in Milan, Italy.  The artist has named the work Cacciatore di Stelle (Star Hunter). Is this becoming a trend?

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Quote/Unquote

““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 ”

-David Yermack