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CEO Jeff Smisek Out;Oscar Munoz new Pres/CEO,Henry Meyer non-ex Chair;FBI case closed

CEO Jeff Smisek Out;Oscar Munoz new Pres/CEO,Henry Meyer non-ex Chair;FBI case closed

Old Sep 8, 15, 2:33 pm
  #1  
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CEO Jeff Smisek Out;Oscar Munoz new Pres/CEO,Henry Meyer non-ex Chair;FBI case closed

Don't really follow UA much... was this expected?

Last edited by J.Edward; Sep 8, 15 at 2:59 pm Reason: update title
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Old Sep 8, 15, 2:33 pm
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http://www.marketwatch.com/story/uni...cer-2015-09-08
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Old Sep 8, 15, 2:35 pm
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Smisek Out; Oscar Munoz Named CEO

Great news. Even if it is addition by subtraction.

Edit: others have left too - related to a federal Investigation??

Last edited by goalie; Sep 8, 15 at 3:48 pm Reason: trolling comments rermoved
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Old Sep 8, 15, 2:36 pm
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It was much hoped for around here.

Not a job I'd wish on anyone.

The board wants to be compared to companies like CSX from a stock perspective, so that rationale makes sense. He's also a director dating back to the Continental days.

And looks like the fallout of the Port Authority that's a driver here. Notice the other departures announced.

How he does with the labor unions will be the test...but lots of murkiness with that Port Authority issue being part of this
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Old Sep 8, 15, 2:38 pm
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Yes, but looks like no more tickets for SMI/J
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Old Sep 8, 15, 2:38 pm
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That's the most poorly written, corporatized press release I've ever read. And the airline is going to be run by a former railroad, and consumer brand company? Not to troll, but, they think this will make things better?
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Old Sep 8, 15, 2:38 pm
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The departures announced today are in connection with the company's previously disclosed internal investigation related to the federal investigation associated with the Port Authority of New York and New Jersey. The investigations are ongoing and the company continues to cooperate with the government.
Wow.
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Old Sep 8, 15, 2:38 pm
  #8  
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Originally Posted by uastarflyer View Post
Great news. Even if it is addition by subtraction.

Edit: others have left too - related to a federal Investigation??
Yes - there has been a lot going on behind the scenes...
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Old Sep 8, 15, 2:39 pm
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Way to go --
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Old Sep 8, 15, 2:40 pm
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Holy crap!! This is huge! What is the internal investigation about? Is that related to Jeff's sacking??
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Old Sep 8, 15, 2:41 pm
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It's about time.

The quality of United flights is getting lower and lower every time I fly.
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Old Sep 8, 15, 2:42 pm
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Awesome!
Shame it didn't happen sooner and that Gordo couldn't replace him...
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Old Sep 8, 15, 2:42 pm
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Bring back the tulip!

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Old Sep 8, 15, 2:42 pm
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Originally Posted by blueman2 View Post
Holy crap!! This is huge! What is the internal investigation about? Is that related to Jeff's sacking??
Related to this: http://www.nj.com/news/index.ssf/201...chairmans.html

And yes.
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Old Sep 8, 15, 2:43 pm
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Any change is good change...right?...
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