A 'members-only' model is helping restaurants and luxury travel survive
While the rest of the tourism industry hangs on for dear life, private travel clubs are on the rise. Restaurants are recognizing the benefits of membership, too. Strategies differ depending on the place.
A new era of presidential pets
Throughout history, presidential pets have come from all corners of the animal kingdom: President Theodore Roosevelt had a badger named Josiah, while the Benjamin Harrison family had two opossums. The children of Abraham Lincoln had goats, Mr. Hager said, and Tad Lincoln once tied his chair to a goat and let it drag him through a group of visitors in the East Room.
The dark side of investor conferences
Prior academic research finds that conferences are important information events that are accompanied by positive price and volume reactions, increases in institutional investor and analyst following, and improvements in liquidity. A new paper examines whether investor conferences are accompanied by one particular form of managerial opportunism: “hyping” the stock to sell shares at inflated prices.