Munoz once again denied chairmanship at United

Discussion in 'United Airlines' started by jimntx, Apr 21, 2017.

  1. jimntx

    jimntx Veteran

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  2. eolesen

    eolesen Veteran

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    I'm hearing mixed messages on whether or not the new activist shareholders drove this or whether it was Munoz who initiated things, but there's probably a little more to the story than what ATW went to press with.

    Regardless, having the CEO also be the chairman is an outdated concept, so it doesn't bother me.

    They made the original agreement when Munoz was wearing the CEO and President hats, and before Kirby showed up. It's entirely feasible Munoz is delaying to give Kirby another year to be ready to be named to the CEO position. He hasn't been there long enough for that to pass muster.
     
  3. FWAAA

    FWAAA Veteran

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    People a lot more wise than I am, like Warren Buffett, don't think CEOs should chair the board, and I've always agreed with that view. The CEO works for the board, and shouldn't set the board agenda or run the meetings. If UA has finally gotten on board with that (correct, in my view) philosophy, then good for the UA board.

    On the other hand, if this is simply "punishment" for Oscar's lame initial response to the doctor-dragging incident, then thumbs down to the UA board.
     

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