United Continental shareholders, United Continental Holdings has a proxy challenge on its hands. The abashed operating ambiance for the industry agency that administration will accept its easily full.
The barrier funds PAR Capital Administration and Altimeter Capital Management, who own a accumulated 7.1% of the company, are nominating a slate of six admiral to its lath at the next actor meeting. This comes one day afterwards United appointed three new admiral of its own. United responded by suggesting this challenge could abstract abiding CEO Oscar Munoz from accustomed out his action to advance the airline.
Governance issues acutely accept bedeviled the company. Jeff Smisek accommodated as CEO and administrator in September amidst a federal analysis into the airline’s accord with a above administrator of the Port Authority of New York and New Jersey. John Rainey larboard as accounts arch in August, and no abiding backup has been named.
Not all of United’s issues at the top are of their own making; Mr. Munoz is set to acknowledgment next anniversary from medical leave afterwards accepting a affection transplant.
The barrier funds PAR Capital Administration and Altimeter Capital Management, who own a accumulated 7.1% of the company, are nominating a slate of six admiral to its lath at the next actor meeting. This comes one day afterwards United appointed three new admiral of its own. United responded by suggesting this challenge could abstract abiding CEO Oscar Munoz from accustomed out his action to advance the airline.Governance issues acutely accept bedeviled the company. Jeff Smisek accommodated as CEO and administrator in September amidst a federal analysis into the airline’s accord with a above administrator of the Port Authority of New York and New Jersey. John Rainey larboard as accounts arch in August, and no abiding backup has been named.
Not all of United’s issues at the top are of their own making; Mr. Munoz is set to acknowledgment next anniversary from medical leave afterwards accepting a affection transplant.
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