United remains tight lipped on CEO Muniz’ condition

Monday, 19 Oct, 2015 0
United Continental Holdings is staying silent about the condition of new United CEO Oscar Muniz.
 
Late Sunday, the company has still refused to confirm or deny Muniz, 56, suffered a suspected heart.
 
The company issued a brief statement Friday saying it would give ‘further details as appropriate.’
 
Munoz had been in the top job for only a few weeks after the ousting of former CEO Jeff Smisek, adding to the turmoil at the troubled carrier.
 
United shares fell more than 3% after news broke of Munoz’ hospitalization.   
 
The airline has been criticized for keeping shareholders in the dark for so long.
 
"Shareholders don’t have a right to know what the CEO had for dinner but the argument about privacy goes out the window if the CEO has a serious health issue," said Erik Gordon, a professor of the Ross School of Business at the University of Michigan.
 
Bloomberg said United has been mulling over appointing an interim chief executive but were hindered by a lack of information about his condition and expected recovery period.
 


 

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TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



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