““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 ”
Gourmet on the Go: Is This Puerto Vallarta...or Paris?
Housed inside the lovely Grand Velas Riviera Nayarit Resort, just north of Puerto Vallarta, Piaf Restaurant presents French fare with a nod to fresh Mexican ingredients in a stunner setting.
Try Piaf’s simple yet elegant seared scallops with bacon beurre blanc and coriander or the puff pastry tartelette and duck confit over mushroom with champagne sauce. I also enjoyed the classic but not too garlicky bourguignonne escargots. On the heartier side, executive chef Claudio Hotter offered a perfect rack of French lamb marinated in Provence herbs and drizzled with foie gras sauce. For dessert, many items looked wonderful but I opted for the Grand Marnier chocolate soufflé adorned with hazelnuts and white chocolate. So decadent.
This is a supremely refined space; glass sculptures accent its majestic marble floors and its walls of mauve, dark woods and black soothe the eye. Everything is spotless and impeccably designed, and the view of the gorgeous Bay of Banderas doesn’t hurt. Piaf at Grand Velas is a major find, and it welcomes anyone, not just resort guests. If you’re in the area, don’t miss it. —Bob Ecker
PIAF RESTAURANT, Grand Velas Riviera Nayarit, Av. Cocoteros, 98 Sur, Nuevo Vallarta, Nayarit, México, (800) 822-7830, vallarta.grandvelas.com