# Prof. David Yermack's research on the impact of CEO use of corporate jets for personal travel is cited

1 Faculty News June 26, 2014 ![](/sites/default/files/styles/246w/public/assets/images/con_046827.jpg?itok=ZGMi9HSb)>

Excerpt from [LinkedIn](https://www.linkedin.com/today/post/article/20140626151302-69244073-playing-golf-and-other-mistakes-ceos-make) -- "Finance professor [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack) demonstrated that firm performance suffers when CEOs have access to a corporate jet for personal travel. Guess who uses that privilege most often? CEOs with membership in exclusive golf clubs far from their homes."

[Read more](https://www.linkedin.com/today/post/article/20140626151302-69244073-playing-golf-and-other-mistakes-ceos-make)

Additional coverage appeared on [Business Insider](http://www.businessinsider.com/the-6-biggest-mistakes-ceos-make-2014-6).