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Thread: Bumped

  1. #21
    Join Date
    Feb 2004
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    UK
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    Default Re: Bumped

    Two of us turned up at the Caledonian desk (Who the hell is Caledonian?) huge queues and then the bribery money for anyone who would volunteer not to fly, this obviously sounded great to us not getting back to work. Very disappointed the staff checked our tickets and we were informed we were the first to get bumped and no cash. Bloody inter airline tickets!
    The Higher the Fewer

  2. #22
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    Default Re: Bumped

    ATW Online; Friday 21 April 2017
    United’s board, Munoz agree he will not become chairman next year
    The board of directors of Chicago-based United Continental Holdings, the parent company of United Airlines, has for the second time in two years amended CEO Oscar Munoz’s contract to deny him the role of board chairman.

    Per an agreement between Munoz and the board reached in April 2016, following a proxy fight over the board’s makeup, Munoz was slated to become chairman in 2018.

    Munoz, who became United’s CEO in September 2015, was originally supposed to become chairman in 2017. Now, in the aftermath of the April 9 passenger bumping incident - and Munoz’s initial widely criticized response to passenger David Dao being violently dragged from United Express flight 3411 - Munoz and the board have reached a new agreement “leaving future determinations related to the chairman position to the discretion of the board,” according to an April 21 filing by United with the US Securities and Exchange Commission (SEC).

    The move effectively postpones indefinitely Munoz adding board chairman to his title. Former Air Canada CEO Robert Milton is currently the non-executive chairman of United’s board.


    In United’s SEC filing, the company indicated it “believes that separating the roles of chief executive officer and chairman of the board is the most appropriate structure at this time,” adding, “Having an independent chairman of the board is a means to ensure that Mr. Munoz is able to more exclusively focus on his role as chief executive officer. The board also believes that an independent chairman of the board can effectively manage the relationship between the board and the chief executive officer.”

    By: Mark Nensel & Aaron Karp
    And, I agree with the Board.
    I love this job

  3. #23
    Join Date
    Oct 2005
    Location
    UK
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    36

    Default Re: Bumped

    Poor soul he will fall on his golden sword, deploy his golden parachute and spend lots more time in his greenhouse with family. Then next year re-appear somewhere on big bucks again, my heart bleeds.

  4. #24
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    Feb 2004
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    Default Re: Bumped

    Never been able to understand the workings of boards of big companies, so guess its all to do with high finance/city dealings. But just sometimes it would be great if a high ranking board member had a background of aviation. Instead of guys moving around between banks and international companies. Early days of start up airlines which just needed the guy who started it going and then the rest actually working the various departments. There again being on the board of a big airline may just be enough to avoid getting bumped off a flight.
    The Higher the Fewer

  5. #25
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    Default Re: Bumped

    Flight Captains tend to get the CEO job among aviation professionals. The CEO would then be an ordinary member on most boards or Board Chairman/President on other boards. Cue BA/IAG's Willy Walsh.
    I love this job

  6. #26
    Join Date
    Feb 2004
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    UK
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    3,869

    Default Re: Bumped

    BOAC/BA had boards with pure finance people at one time. I think Willy is an acceptation. Qantas way back had the guys who started the airline at boardroom levels then it all went tits up with an influx of accountants and pure money men. OK a bit backalong, but my guess guys who worked in aviation made better decisions leading from the top.
    The Higher the Fewer

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