Jan 6, 2016, 4:46 pm
Last edit by: WineCountryUA
United Press Release on heart transplant 6 Jan 2016 United Provides Update on Health Status and Anticipated Return of CEO Oscar Munoz
Update 7 Jan 2016 United Provides Additional Update on Health Status of CEO Oscar Munoz
Update 15 Jan 2016 United Releases Statement from President and CEO Oscar Munoz
Update 7 Jan 2016 United Provides Additional Update on Health Status of CEO Oscar Munoz
Update 15 Jan 2016 United Releases Statement from President and CEO Oscar Munoz
Oscar had heart transplant, plans to return in spring [Update 15 Jan 2016]
Dec 11, 2015, 12:24 pm
#46
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Some of the threads here where people are crediting Oscar for changes or assuming everything will be great when he gets back to work are worth a chuckle. He's going to put his name on some of the initial changes because he needs to regain the trust of his employees and customers. But he's really not involved in the details.
Dec 11, 2015, 12:36 pm
#47
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I think this would be a reasonable expectation. In a recent interview in Air Transport World, interim CEO Brett Hart confirmed as much by saying Oscar should have the opportunity to mold the organization in his vision. I would expect this to be a reshaping of company tone/culture.
Obviously, some direct decisions made by Oscar - such as the appointment of a full-time CFO - will impact United, but I would expect that his greatest impact will be the tone and culture.
Obviously, some direct decisions made by Oscar - such as the appointment of a full-time CFO - will impact United, but I would expect that his greatest impact will be the tone and culture.
Dec 11, 2015, 1:45 pm
#48
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Yes, this is what CEO's do. They set the direction for the company and all the minions carry out that direction in ways that apply to their departments. An effective CEO will create a culture they want. The good ones create a culture that actually helps the company.
Some of the threads here where people are crediting Oscar for changes or assuming everything will be great when he gets back to work are worth a chuckle. He's going to put his name on some of the initial changes because he needs to regain the trust of his employees and customers. But he's really not involved in the details.
Some of the threads here where people are crediting Oscar for changes or assuming everything will be great when he gets back to work are worth a chuckle. He's going to put his name on some of the initial changes because he needs to regain the trust of his employees and customers. But he's really not involved in the details.
Dec 12, 2015, 6:52 am
#49
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And among us on FT, I submit that there are probably 75% of us who think that because "tone" and "culture" can't be reduced to numbers in cell CF1054 on some spreadsheet, they don't count; and about 25% of us (myself included) who think that tone and culture are what sets the atmosphere for every single of dollar of revenue and profit.
Dec 12, 2015, 7:34 am
#50
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Jan 6, 2016, 3:50 pm
#51
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Announced today:
United Airlines today announced that Oscar Munoz, the company's president and CEO, underwent a heart transplant operation early today and is in recovery. A transplant was considered the preferred treatment and was not the result of a setback in his recovery. The United team wishes Oscar well during his recovery, and expects him to return to United at the end of the first quarter or the beginning of the second quarter.
The company will provide additional information in the next 24 hours.
The company will provide additional information in the next 24 hours.
Jan 6, 2016, 3:54 pm
#52
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Wow. Best wishes to Oscar!
Quite a shocking development... one that only results in more instability for the company, however. UAL's Board needs to be considering an outside candidate for the job in the event Oscar (justifiably so) decides to retire for the sake of his own health and well-being. A Q1/Q2 return following a heart transplant - no matter how successful - to a high-stress job as an airline CEO, which obviously involves a great deal of travel, is incredibly ambitious.
Quite a shocking development... one that only results in more instability for the company, however. UAL's Board needs to be considering an outside candidate for the job in the event Oscar (justifiably so) decides to retire for the sake of his own health and well-being. A Q1/Q2 return following a heart transplant - no matter how successful - to a high-stress job as an airline CEO, which obviously involves a great deal of travel, is incredibly ambitious.
Jan 6, 2016, 4:03 pm
#56
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Wow indeed. Best wishes to him and his Family but for the BOD not to have been considering other options is inconceivable.
I really hope he makes it back, but it's far from certain this will happen in my view.
I really hope he makes it back, but it's far from certain this will happen in my view.
Jan 6, 2016, 4:07 pm
#57
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Best Wishes for a Speedy Recovery
Mr. Munoz, I am sure that you are well aware, that you are in our thoughts and prayers. Wishing you a Speedy and Healthy Recovery..
Jan 6, 2016, 4:19 pm
#58
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Agreed on all points. Heart transplant is serious business. Now he has to deal with immunosuppresants, potential for rejection of the transplanted heart, intense cardiac rehab etc. The 5 year survival rate for heart transplant recipients is ~70%. For his own best interest, I really hope he retires.
Jan 6, 2016, 4:34 pm
#59
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The news of the heart transplant is mildly shocking. I know that sometimes people and organizations want to play down the seriousness of one's health conditions, but I did not anticipate this to be so serious, apparently.
Wishing Mr. Munoz a speedy recovery and restored health!
Wishing Mr. Munoz a speedy recovery and restored health!
Jan 6, 2016, 4:39 pm
#60
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Oscar Munoz is only 56 or 57 years old. He potentially has many more years ahead of him and doesn't want to retire at such a young age. I wish him a speedy recovery and if he is up to it would love to see him return to his CEO position.