United CEO won't add chairman title in 2018 as was planned

Robyn Valdez
April 23, 2017

Lawyers for the passenger forcibly removed from a United Airlines flight to make way for crew have filed an emergency court request for the airline to "preserve and protect" evidence.

But United said on Friday in a securities filing that management and the board "take recent events extremely seriously" and will link executive bonuses partly to "improving the customer experience".

Maintaining an independent chairman "is a means to ensure that Mr. Munoz is able to more exclusively focus on his role as chief executive officer", United Continental Holdings Inc. said in a regulatory filing Friday.

Don't Give Kids Medicines With Codeine, Tramadol: FDA
These can include excess sleepiness, difficulty breastfeeding, or serious breathing problems that could result in death. The agency on Thursday ordered several alternations in labels to underscore the risks of the drugs to children.

Chief Executive Officer of United Airlines Oscar Munoz introduces a new global business class dubbed United Polaris in New York June 2, 2016. There were calls on the social media of a total boycott of United Airlines.

As part of Friday's disclosure, United also released its annual compensation figures for its top executives. Munoz later apologized repeatedly for United's handling of the situation.

The US Senate Commerce Committee even sent a letter to United after the incident, asking about their policy of removing passengers because of overbooked flights. Munoz wrote that he was "personally committed to putting proof behind our promise" in United's commitment to reforms.Committee leaders said in a joint statement that getting answers about what happened and how to prevent a recurrence was a "priority" and any further delay was "unacceptable".

Paris attack: Terror probe as police officer 'deliberately' shot dead by gunman
Soon after the Arabic language statement, the group sent one out in French, describing it as an attack "in the heart of Paris ". In February, a man armed with a machete in each hand attacked soldiers on patrol at Paris's Louvre Museum.

Munoz is now a member of the board and was scheduled to take on the role of chairman at the company's 2018 annual stockholder meeting. It is expected by the end of next week. Munoz, who became United's CEO in September 2015, was originally supposed to become chairman in 2017.

The airline has made some strides in improving its on-time performance, canceling fewer flights and losing fewer bags, but it still generally ranks poorly in surveys of airline travelers.

Munoz earned $18.7 million a year ago as he collected a multimillion-dollar signing award. He already agreed previous year to delay becoming chairman, after the board was revamped as part of a deal with two activist shareholders.

Trump's made-in-America steel evangelism has its skeptics
As per several U.S. reports, a majority of the H-1B visas every year is grabbed by Indian IT professionals. Trump made it clear that this order declares that American projects should be made with American goods.

Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism.

Other reports by Info About Network

Discuss This Article

FOLLOW OUR NEWSPAPER