FlyerTalk Forums - View Single Post - "One of United Continentalís Largest Shareholders Declares Activist Position"
Old Jan 27, 16, 12:11 pm
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Originally Posted by ndhapple View Post
Why now?!? These guys apparently didn't have much a problem with $MI/J underperforming the industry massively for half a decade.
Remember that Oscar represents a significant change to what United Continental's investors were told for the past several years.

While many of us believe that Smisek's strategies were doomed, it's not clear that the United Continental shareholders believed the same. It's very likely, as evidenced by this, that there is some discontent among them, and they do not agree with the new direction that Oscar is going down.

Especially after Hunter Keay's comment the other day, it's clear that many of them want cash out from United Continental Holdings rather than long-term growth and performance of UAL.
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