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United Airlines Names Oscar Munoz Chief Executive Officer
CHICAGO, Sept. 8, 2015 /PRNewswire/ -- United Continental Holdings, Inc. UAL, +1.45% today announced that it has named Oscar Munoz as president and chief executive officer. Munoz will also continue to serve on United's board of directors. The board appointed Henry L. Meyer III, United's lead independent director, to serve as non-executive chairman of the board of directors. (www.marketwatch.com) Más...Sort type: [Top] [Newest]
This is all about influence peddling between Smisek and Sampson. He was a very poor manager. The post-merger integration has been horrible for the combined companies. Many say that it is because they moved the HQ to Chicago and were using the United people because of a sweet tax deal, instead of using the Houston people with a proven track record of great performance.
But what an incompetent manager. Even if he had added the SC flight to curry favor with the Port Authority (landlord at Newark and major transportation player in the NYC metro area), why would he cut the flights as soon as Sampson got sacked as the chairman of the Port Authority?? Amateur move. Should've kept the flight for some time afterward, cutting it later only after the dust had settled on the Port Authority investigation, and preferably as part of a restructuring when multiple flights get cut.
But what an incompetent manager. Even if he had added the SC flight to curry favor with the Port Authority (landlord at Newark and major transportation player in the NYC metro area), why would he cut the flights as soon as Sampson got sacked as the chairman of the Port Authority?? Amateur move. Should've kept the flight for some time afterward, cutting it later only after the dust had settled on the Port Authority investigation, and preferably as part of a restructuring when multiple flights get cut.
Stupid is the operable word here. I told Jeffrey several years ago that the merger was probably a good deal and then grow it into something solid. Then I told him that moving to Chicago was stupid cause I didn't figure some of his key people would go. Whether his fault or not, some of the crappy stuff at UAL has happened on his watch and it was his responsibility. Your statement on letting the dust settle is only good, common sense. Apparently that is lacking in some quarters.
Looking at his severance package though, he won't be begging bread on a street corner.
I understand there is a clawback for felonies or crimes of moral turpitude.
Hate to be cynical but my guess is there will be no clawback. DOJ has probably already cut a deal that if Smisek co-operates with the investigation (articles I have read indicate he has stated he will) he will not be prosecuted. Clawback provision is probably just PR by United's BOD.
Nothing illegal about having a flight from EWR to CAE. It's just too many fingerprints. If on the other hand any of those flights were delayed for Mr Samson that could be viewed another way. Say a 6pm flight was delayed to 9 pm without any explanation, CAVU weather no mechanical delay or other explanations, then Mr Samson had a meeting that went late and during that time Mr Samson made a phone call to United.
As someone who will be living in New Jersey for the foreseeable future, I sincerely hope that Chris Christie's political career ends already.