27 Burst results for "Oscar Munoz"
"oscar munoz" Discussed on AP News
"United Airlines C. E. O. Oscar mon yo's is stepping down mon you always will become United's executive chairman he led the airline through a choppy. 2 years ago more yo's gave up his bonus after the forcible removal of a ticketed passenger led to widespread criticism procedures got in the way of what we know is right Monique was issued an apology is a turning point for all of us here United and SCO it's my responsibility my mission to make sure we all learn from this experience under Oscar Moneo United has reduced delays and cancellations and posted margins United president Jay Scott Kirby will replace ammonia was as C. E. O. Kirby was being considered for the top job at rival American Airlines I'm a Donahue
United's Kirby to take over for CEO Oscar Munoz
"United Airlines C. E. O. Oscar mon yo's is stepping down mon you always will become United's executive chairman he led the airline through a choppy period two years ago more yo's gave up his bonus after the forcible removal of a ticketed passenger led to widespread criticism procedures got in the way of what we know is right Monique was issued an apology is a turning point for all of us here United and SCO it's my responsibility my mission to make sure we all learn from this experience under Oscar Moneo United has reduced delays and cancellations and posted margins United president Jay Scott Kirby will replace ammonia was as C. E. O. Kirby was being considered for the top job at rival American Airlines I'm a Donahue
United Airline's Oscar Munoz giving up CEO seat
"News the head of the airline with the biggest for credit D. I. Hey is stepping down United Airlines CEO Oscar Mooney does is turning over the day to day management of operations the company to the company's president who will take the reins of the airline and may at that time Williams becomes executive chairman of the
"oscar munoz" Discussed on AP News
"Jay Scott Kirby is the president of United Airlines now who become its CEO taking the seat of Oscar moon Jooss will become the airlines executive chairman he led United door pureed of turbulence giving up his bonus back in 2017 after the forcible removal of a ticketed passenger led to widespread criticism the company says the moose will happen this may I met small
United CEO Oscar Munoz to step down
"Jay Scott Kirby is the president of United Airlines now who become its CEO taking the seat of Oscar moon Jooss will become the airlines executive chairman he led United door pureed of turbulence giving up his bonus back in twenty seventeen after the forcible removal of a ticketed passenger led to widespread criticism the company says the moose will happen this may I met small
Boeing’s Crisis Grows
"Going to start with Boeing though because shares of Boeing down ten percent in the last two as of trading and we're not even through the full trading day on Monday we're just going for Monday morning and all of Friday this is because on Friday afternoon emails from late twenty sixteen came to light that brought basically highlighted technical problems that the seven thirty seven Max had that were and I'm quoting from one of the emails that we're running rampant in the flight simulator sessions and so so I saw this story Friday afternoon this was after we had taped Motley fool money which is why we didn't included in the most recent episode but this appears to be the latest example of the old adage that in politics and in business the cover up is worse than the crime uh-huh I yeah I'd say that's probably fair I mean I think it's a very good lesson as an investor to always remember that that it can always always get worse I mean even when it seems like things are just as bad as they can be never ever dismissed the possibility of things getting a little bit worse than I think this qualifies I mean it they're just so many things that stemmed from this from culture problems to actual chain of command problems to how good of a grasp does management actually have on this problem I mean do do you even trust at this point I mean it's very easy to understand the short term concerns and the problems here I mean we're watching that play out on Boeing's stock price we read how we we have gone from what was once considered the greatest product the the greatest driver of this business ever to really now what is one of the biggest failures if not the biggest failure in in in one of the biggest drags on on the company for the foreseeable future in and I mean I I don't know they just had they have a lot of damage control to take care of and it's not to say this is the end of Boeing I mean I'm not trying to to jump into sort of that that hyperbole there but it is something I mean for investors you need to start wondering okay is it even worth really looking at his business because you have to think about all of the implications beyond just Boeing I mean think about all of all of the companies that are in the supply chain The the work with Boeing they have more than six hundred suppliers in that supply chain that that are going to be affected by this one of them I mean spirit aerosystems Boeing's biggest supplier Boeing is their biggest customer in spirit is a fraction of the size of Boeing. Right enemy they are now in in this just total total they don't they don't know what exactly is going to happen so I it's not just Boeing is the point I mean we saw play out with the automakers a number of years back I mean big problems with big companies like this can really reach out in effect a lot of different companies and and this is this is something that is is certainly global is obviously very in the Margaret of air travel I don't know that there's anything that really tells us things are going to be getting better any time soon well and there are not surprisingly more calls for whether it's greater intervention by regulators can more congressional hearings is that sort of thing and for whatever you think of those processes those are things that at the end of the day just take focus from the business away from what they're trying to do and they have to deal with that I mean that's one of the things that you look back twenty years ago on the government looking to break up Microsoft and Microsoft spent so much time and energy and money dealing with those issues that they missed the boat on some other initiatives so this is this is something that Boeing for for anyone who was looking at the latest round burnings that came out I think we talked about Delta and American Airlines and you know you have the CEOS united as well coming out and saying yeah our timeline on the seven thirty seven Max has been pushed back a little bit for anyone who thought okay maybe January twenty twenty is when this is behind Boeing this is something that points to the fact that it gets extended even further and to your point about the stock I mean that's I think the it's it's harder and harder to make the case for Boeing on the flip side by the way if when this whole thing started you're Boeing shareholder and you thought to yourself I think this is going to get worse before it gets better and I'm just going to sell my shares of Boeing and I'm going to buy shares of Airbus congratulations because Airbus is up forty five percent today I mean as it should be I mean for investors I mean that's obviously what we're focusing on here we're trying to figure out is there an opportunity here for investors at as pertains to Boeing and the very well may be I mean the stock has gotten pummeled all things considered it is a company with a long track record of success in playing a V no role in the market that it serves I mean if you look back to the call they were making me they're talking about getting this thing back up and running as early as the fourth quarter of this year now that is clearly not going to happen because they're going to be the coordinator and right now they're going to be they're going to be a investigations there are going to be questioned I mean there there I- regulators are going to probably at this point knowstone on turn given the texts that just came out over the weekend because I mean it's it's clear that that we just don't know everything and there probably is more bad news at they're so so then you have to think okay well if we're that delayed on the seventy seven actually coming back online then you have to start making an estimation of when you think that's going to be how much of a tail when you think that could be for the business but then also take into consideration all of the other dynamics of the company's financials really because I mean I it's a business where the me the top line was was fairly stagnant okay I mean I think it's safe to assume that we're going to see a little bit of a a a diesel there I in with a company like this and we'll talk off more about share repurchases and a little bit but I mean they bent the they spent close to a little bit more than forty billion dollars than Sherry purchases since two thousand fourteen that's brought share countdown significantly about twenty percents since then My point being that Sherry purchases have been a big part of the thesis of investing in this country any in those repurchases now are on hold they should probably be on hold for many many quarters to come even after they get this all resolve because they really do need every financial resource they can they can get so to me that just leads that leads me down that road there's more uncertainty here than I really care to deal with I mean there probably is some kind of dirty value play here but man I think I'd still I I I'd give it some time away for the rest of this shakeout because I don't think it's done it's a great about the top line for Boeing because you know one of the arguments that people make and they're not wrong when they make it when they talk about Boeing and sort of the the multi year lead time the airlines have these planes on order several years into the future and I get that but your United Airlines if you're Oscar Munoz and a concept we talk about all the time across all manner of Industries is pricing power who has the pricing all right now with more I get that there is you know you can't just necessarily switch like oh I'm gonNA cancel my order Boeing and I'm GonNa put you know this isn't this is an uber eats aww chance that I'm going to order from this other place and it'll be here twenty minutes later I get that but I feel like if you're United Airlines any of these major airlines you've got more pricing power than you had say six months ago and you get to go to Boeing and say I'm not looking to switch to Airbus but I'd love if we could negotiate the price a little bit more I couldn't agree more I think you're totally right and I think when you when you look at it even even one step beyond that recognized that the airlines that were really most I dependent on this plane they've already essentially ratcheted back their guidance in their plans I mean they've adjusted schedules they've taken flights off off the dock at that were there I mean they've they've adjusted more or less so they're not looking at this from a point of desperation from a from a stance desparation in when you when you aren't desperate then you're going to be able to negotiate a little bit more you're going to have a little bit more negotiating power and I'm sure a lot of these airlines are like you know he listened to me you need Boeing and Airbus I think really does apply this market I mean I don't think one company is going to be able to take care of it all but yeah I mean if you're an airline looking to get this thing back another rotation and you're going to go back to two Boeing anything say listen guys we're not gonNA try to rake you over the coals here but but you know give us a little something give me a little reason all consideration some some kind of goodwill that that makes me feel comfortable signing on with you sticking with for the long haul in that's gonNA play on Boeing's financials
Spider-Man Will Star In The New United Airlines Inflight Safety Video
"And we told you last week Gordon about the airline in New Zealand that had a passenger arrested for refusing to watch a safety video they deemed too boring, perhaps if Spider-Man was swinging his way through the video the whole incident could have been avoided good news for those flying United. The superhero who has a new movie coming out this summer will be featured in the airline's latest safety video show Spider-Man stopping a robbery in a Bodega while the owner watches the safety video on a TV before a flight attendant appears to give some tips Spiderman than chases one of the crooks into a movie theater where he runs past United CEO. Oscar Munoz the film ends in a nearby park where Spidey leave the least thieves webbed up and the flight attendant gives some closing
Spider-Man stars in United Airlines' new safety video
"Safety. United Airlines is the latest carrier to try to inject personality into its preflight safety. Video the company is a marketing partner of the latest Spiderman movie, and the mass superhero plays a big role in the new United video. Remember, saying pilots are seen urging passengers to buckle up look for the nearest emergency exits and obey crew member instructions as Spiderman strings up bad guys the video eating includes a cameo from airline CEO Oscar Munoz, as he walks by
U.S. Stocks Rebound on Trade-Talk Progress
"Foreign minister says the legal project process should not be hijacked for political purposes. And she says that the US should not use the extradition process for ends other than the pursuit of Justice. This CEO of United Airlines says his pilots do not need any additional training on the new Boeing jet. That's at the center of the investigation into a deadly crash in Indonesia. Oscar Munoz says United's pilots are prepared to respond to problems that might arise with automated systems on modern planes spoke yesterday to reporters and said that the Boeing seven thirty-seven max is safe and reliable United along with American in south west uses the new Boeing model that was involved in the October twenty nine Lyon aircrash Indonesian, investigators are examining the role of faulty sensor readings from an anti stall system in the accident which killed one hundred eighty nine people and apple is expanding its footprint in Austin, Texas, including the construction of a one. Billion dollar campus. The tech giant says it's also adding sites and new jobs in Seattle, San Diego and Culver City, California, while expanding existing sites in Pittsburgh, New York in Colorado, the company looks to add about twenty thousand new jobs by twenty twenty three. We begin this morning with thought leader Thursday here on the opening bell. Chuck Garcia is the executive vice president and director of commercial deposits and treasury management at associated Bank, and Chuck is back with us this morning in the thought leader chair Chuck good morning. Welcome back to the opening bell. Good morning. Nice to be here. A happy holidays to you as well. Here. We are again in the holiday season lots going on. We're gonna talk a little bit about what's happened in your world this year and other things, but let's get to some news with the fed getting ready to have its December meeting looks like another interest rate going up. How's this going to impact financial services sector? Well, it does look like it. I think there's still a tad of uncertainty. But I think what went from being one hundred percent certain is is still very high. So I think this next one is likely clearly it will have an effect really across the board commercial customers will see their rates rise from a from paying on the interest of loans similarly, consumers housing, it'd be interesting to see what happens with the mortgage industry. I think those are already somewhat built in. But clearly it's going to have a have an impact albeit relatively still historically very, very low. I think there's the mental aspect that. People say oh rates are rising. And obviously rates we pay to clients will will increase as well. Are you? What are your thoughts about whether the fed is going to continue this in twenty nineteen nine? There's been a lot of talk about this in the last couple weeks that may be December is going to be the last one for a while. I see too in the coming year. Okay. I think the uncertainty here in the US alone with the tariffs and the trade wars, you know, looming cetera. But also, there's a lot of uncertainty abroad, you have France. Now, obviously, the Brexit situation. There's a lot of uncertainty abroad, and we're all intertwined any longer. And and so I think that's going to have an impact on their desire to to be probably as aggressive as they might have been they being the fed as aggressive as they might have been previously. Do you think it's actually had an impact on businesses, especially local businesses that are they is this something that's causing them to stop and pause their plans. I think it has you know, depending on the industry you're in to raw-materials are part of your production cycle, and your and your supply chain. There's absolute evidence. Having an impact is slowing some things down. I think the farm industry to you know, living where we do. That's continuing to have a drag on that as well. How does the interest rate going up or going down impact the day to day management of financials? Well, you have to really we have to do is really stay abreast of what are what our competition is doing. So for my pain perspective what we pay and interest rates to clients. You know, be they consumers or or corporates. It's certainly today has far more interest at the individual and company level than than it would have even a year ago. It was just immaterial at that point in time. Now, you know dollars are significant enough where people are paying attention and willing to to change in today's environment. If they don't feel like they're getting a proper rate or attention from their Bank. I heard some experts talking about the interest rate hikes have come so quick and fast that they haven't had. There hasn't been enough time for them to take hold and and people have become comfortable with them. Usually there is a bigger window between interest rates is there some truth to that about it still working its way through the system each one of these hikes. Well, I see both sides. I mean, the savvy investor those with large dollars they move very quickly today. If a rate increase does in fact occur they have they effectively expected to be an instantaneous change by their Bank. You know, the the normal John Q public guy like me doesn't pay. As much attention to it. But if all of a sudden, you look up and see oh my gosh. You know, I'm still backing the point one percent. That's not fair in today's environment. You know, they may they may choose to act on that. But I think I think the the savvy investor the corporate investor in the larger dollar people are absolutely much much quicker to react today. I'm interested in your opinion about the economy as it stands right now. Are there earning warning signs out there that you are hearing about or seeing or feeling? Yeah housing. I mean housing is shown some some slowdown, obviously that's a huge component of of our industry in our economy in so housing and the ripple effect that that in fact has is slowing down, you know, they're building as many apartment buildings people aren't buying single housing contrary to what I'm saying. You're the millennials are now moving to the burbs and buying houses. So I think you have kind of a reverse effect of people that are retiring moving into the rural areas, but it isn't fast enough to keep up in so housing. I think is one of the indicators I see that that could have a drag on the economy and then again as rates rise. It makes the affordability of a house that perhaps you could have afforded two years ago. Much less today. Chuck hang on with us. We're on with Chuck or see this morning executive vice president and director of commercial deposits and treasury management at associated Bank. It's our thought leader conversation. We're going. Continue with Chuck in just a few minutes. But first we need to take a quick break here in the opening bell at five nineteen to update traffic and a couple of business headlines. First WGN traffic, central very they're very good morning. Good morning. Traffic is sponsored by Burlington. No delays on the Edens. Kennedy. Eisenhower is fine. Inbound side of the Stevenson's starting to build just around the Harlem area with some minor delays on the inbound Ryan from Roosevelt's also some build up into Halstead on the inbound side of fifty seven the Bishop Ford. However looks good along with all the toys this morning. Make Burlington your one-stop holiday shop for the hottest gifts for everyone. Name-brand watches gift. Baskets wireless, sweaters toys at a fraction of the price. Burlington gifts for everyone for a person who's traffic on demand. Get the Traffix Chicago app approved by mortgage experts have team hochburg just search T R A F F, I X Chicago mayor van of each traffic central. 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No Plans Of Leaving: Facebook CEO Mark Zuckerberg Fires Back At Critics
"So you're not stepping down this chairman. That's not the plan. That's not the plan would anything change that. I mean. Like eventually over time. I mean, I'm not going to I'm not going to be doing this forever. But, but I certainly not currently thinking that that makes sense. That was Hayes CEO Mark Zuckerberg standing his ground on CNN last night amid the controversy surrounding the company, but it's not just sucker brook who's been fighting back. The stock has actually rallied in the past two days. Even as a broader market saw red so quick this mean the worst is over for the company. Karen, yes. Well, I hope so because I am long the stock kudos Tim who's been reading a lot of editor on that topic. I think I think Mark Zuckerberg is the right person to lead them out of this. And when I think about other CEO's that have been able to, you know, really take some punches but turn around. Oscar Munoz was only ten or eleven months ago, we were all pretty negative on Oscar Munoz and his ability to lead. United Airlines turned it around Steve Jobs, the most famous probably right left, the company came back. And now look at apple one sixty could have been to thirty but whatever and then Howard show. So I think this kind of founder CEO not Oscar Munoz, but is is really important to the business. Plus you can't vote him out. Right. He owns Dunkelberg, quote about this is a real board though. Right. They don't have some it's out a tesla kind of bored. But that that must controls. This is a real board. I know you've got Ken Chenault, an Erskine Bowles and Susan. Desma hellman. This is a real board. So I would be very very very concerned if they kicked him out very, I don't think that should happen at all. I liked that the stock is rod in the last two days, the valuations very cheap. I think earnings will come down for sure. But that's in there. Mark Zuckerberg may be the CEO and may be there forever because there's voting share structure, but these are these comparisons really comparable only because right now, the company is facing potential legislation regulation that would change the way their core business fair for business operates. I'm so so let's say let's say Starbucks for some reason lawmakers were infuriated by how they brewed their coffee and said, you gotta be this x y and z to you know, to make sure that the caffeine contents not is not too high or whatever I mean, doesn't that sort of change that will change the model somebody I mean? Radha moment where you're thinking is the model going to change the motto could change, right. That could happen. I mean think about Microsoft facing a multi year antitrust the motto could change here. This is not a crazy price for this business. Even if it is chopped up. I don't even know exactly what the best way to do that would be. But you know, the multiple is not high the cash is enormous the businesses still very solid business with I understand the margins are coming down, but still significant margins here. So, you know, but you wonder when crisis management, I mean, this stock is crashed effectively. I mean, if you look at it, we can say what we want. But it's it was two hundred and five dollars stock six months ago straight in one hundred thirty seven dollars. Now, that's pretty significant move. And then when you have the Mark Benny off of the world calling it basically making a comparison to nicotine, that's a real problem. So I don't think most Zucker Brooks made himself a lot of friends, and I think people coming out of the woodwork now to take shots. I just think that this. This is a crisis of trust. I think it's, you know, here's let me say something positive about Facebook. They're not alone. But I do think that Facebook whose core product is being held into question is being singled out the most. And I think they should be when I consider corporate governance, and I think about how people should be thinking about a stock which core product is been at risk this entire time. And they haven't disclosed that to us. I think this company deserves a bigger beating I think also investors need to start evaluating companies Naveh different investment metric in their toolbox to be assessing cyber risk at companies, especially technology company.
"oscar munoz" Discussed on KOA 850 AM
"Nine. Oh, two State Department of health officials are seeing differing versions of intro virus in young children, most of these viruses cause neurological illnesses that affect the spinal cord, Dr Rachel Herlihy with the department of health usually and are viruses will cause mild symptoms like colds rashes diarrhea something called hand foot and mouth disease, but more rarely it can cause more severe illness like neurologic illness, including meningitis encephalitis and acute flaccid early. He says Colorado has seen forty one cases of Entra virus this year and nearly all of the children have recovered. There have been no deaths. The viruses are spread through. I knows and mouth. Secretions? Snow means ski season is getting closer eldora mountain resort turned on their snow guns today, along with mother nature turning on her own snow guns, eldora expects to open November sixteenth. Copper Mountain fired up there snow guns on Sunday. Loveland ski area followed suit. Yesterday. United Airlines says it's flight training center in Denver is now the largest in the world the center was rededicated today as an expansion project continues. United CEO Oscar Munoz says the center will feature forty high tech flight simulators each costing anywhere from twenty to twenty two million dollars. There the cost of USD airplane crap. So they're bracing -nificant Magno says United spending close to a quarter of billion dollars to make the flight training center. A state of the art facility. The Denver Broncos will try to snap a three game losing streak this Sunday. After losing to the jets this past Sunday. Coach Vance Joseph says not everyone in the jets game was on the same page thought our guys played hard, but we didn't play as desperate as we've played in the last month, in my opinion. We've shown great grit in the first four weeks, but I didn't see the same grit from everyone on our football team. The undefeated grams come to town Sunday our next update at nine thirty. I'm Roger crystal ball on KOA, NewsRadio eight fifty AM and ninety four one FM. Looks like we got new problems out in Aurora right now. Northbound.
"oscar munoz" Discussed on WGN Radio
"Goto, here I liked that. So what is the relationship between him and the CEO the airline Oscar Munoz well that's a good question a lot of folks are talking about it in the airline industry you know we don't necessarily know what, we do know is that Oscar Munoz yes he is the CEO, but he does not have an airline background and Scott, Kirby has been in airlines for, thirty, or so, years he knows the stuff very well, and the understanding is that Scott is essentially running the airline and making, the keeps ish on a day-to-day basis and Oscar is taking care of some of the other stuff including you know employee relations and customer service these are big deals I know that I've been downplaying little bit in this chat but Oscar is is worried. About the brand perception and things like that but I'm not, at, the Willis, tower so it's hard for, me to know exactly I would imagine. That American Airlines might be sad that they lost Mr. Kirby yeah that's another thing we don't know, exactly what happened at Americans, Dallas Fort Worth headquarters bunch. You know American had a lot of very talented senior people, there was an understanding that not all of them could stay somebody in. Senior management had to leave turned out, to be Kirby and that's just what happened Let's move on. To some other news I know you and I have had conversations before about Iceland and wow air, a little bit of expansion, for while out of O'Hare.
"oscar munoz" Discussed on KBNP AM 1410
"Of customers you may have just alienated those customers the customers who will make a decision never fly you again because of your political statement which is is what that was what the hell are you talking about we aren't here to make political conversation restrict political debate sco baxter wasn't political it was personal with regard to my family at united so one of the children killed by a psychopath named nncholas cruise not nra or dana lash or wayne lapierre but nncholas cruise a nineteen year old psychopath who had been let off the hook multiple times by the coward sheriff's department and was able to wreak havoc in that school because of the lack of response of said department and on and on and on according to the ceo cutting ties with the nra who had nothing to do with the murder wasn't political you know what's interesting to me that united airlines pilot may very well be an f f o federal flight deck officer authorized to carry a firearm in the cockpit what does he think about that why doesn't he order all of his pilots to remove their firearms from the flight deck of all united aircraft what does he mean he's not making of course he's making a political statement he just showed you his political pedigree wait right there on the table for you ceo oscar munoz is a progressive liberal.
"oscar munoz" Discussed on CNBC's Fast Money
"Daughter of a united captain he did not dwell on it for long he simply said one of the victims was the daughter of a captain this was a personal situation at united so that was the exchange there was no back and forth between the gentleman who asked the question on behalf of gun rights advocates if you will and oscar munoz oscar munoz basically said look this wasn't a political statement we're not here to make political statements this was a decision that the board reached and that's the end of the discussion as far as he's concerned any comments fell about finding a new cfo they're going to begin the search i shouldn't say begin the search their acts of it's becoming quite active i would imagine here relatively soon they've got jerry later men in as acting cfo he was in that job before the previous ceo cfo was hired andrew levy so i wouldn't be surprised if we see something here in the next few months in terms of a new cfo for united all right fell thanks fell in chicago a couple of aspects to the story we can discuss united there's plenty to discuss with just the company himself and we can also discuss this this decision by oscar munoz to say that it was a personal decision it's our hearts go out to the victims of the parkland shooting our hearts go out to that captain at united that same time do you want a ceo to make a personal decision right one on behalf of shareholders and on behalf of the company well maybe in the case of this ceo with the issues that united has gone through and showing the compassion.
"oscar munoz" Discussed on CNBC's Fast Money
"These are all all of those that are listed on coin based ether is probably the one that everybody has questions about right is there any concern in your view that ether could be considered a security at every little okay very very little and here's why i listen we can go back to the history of theorem and the initial coin offering and how that was done but the way that ether functions today it truly is the fuel for the decentralized internet so it no longer access security and acts just like a commodity just like oil does so i i would be surprised if ether became a security all right still had nine oscar munoz telling investors his controversial decision to cancel the nra discounts was quote personal so what's that about should shareholders be upset we'll have a special report plus deutchebanks of truth a european bank base not tests mara that could send a shock to the market we've got all the details much more fast money right after this welcome back to fast one of the united airlines co getting personal with the nra philip bows in chicago with all the details hey phil hey melissa this has to do with the question that came up at today's annual meeting for united airlines here in chicago there was a gentleman who brought up the fact that in february united airlines discontinued its discount for nra nra members this is a move that we also saw from from delta airlines and a number of companies and he said look you know i think this was a liberal bias move paraphrasing there in terms of what the person said oscar munoz was point blank in saying no this was not some kind of a political statement that the company was making he said it wasn't political it was personal with regard to my family at united we are here to make political conversation or strike political debate we're here to serve our customers what he meant by the fact that it was personal at united is the fact that one of the victims of the parkland shooting was the.
"oscar munoz" Discussed on WGN Radio
"The wgn weather center today partly sunny with a high of about sixty one degrees fifty six lakes tonight scattered showers early partly cloudy skies with a low of thirty seven and tomorrow partly to mostly sunny with a high of fifty degrees right now your current temperatures will like forty five degrees at o'hare forty six at midway forty five degrees in tampa and forty one at the lakefront get chicago news first at the top of every hour i'm pam jones on chicago's very own seven twenty wgn wgn radio's daily conversation about the life of business and the business of life this is the opening bell with steve grzanich on seven hundred twenty wgn good morning everyone welcome back to the program thanks for being here with us in our friday edition of the opening bell this week this past week we learned that the ceo of united airlines decided he was not going to accept his annual bonus this year and also the chairman of the board united is out those are just who the big headlines from the aviation and travel world this week brian summers joins us via skype now he's the airline business reporter for skift dot com we're gonna be talking a little bit about both of these stories brian good morning let's start with the story about oscar munoz over at united yeah it just seems like every week steve we're talking about some drama at united airlines so we really don't know what happened in the boardroom at united here there been whispers for a while that the board of directors doesn't always get along on everything again i have no inside information but we know that we're going to get a new chairman which is interesting because the last year man had airline industry experience he had worked at air canada he was pretty well respected so we'll have to see who we get next it's hard to know what to read into the oscar munoz not taking a bonus issue meetings oscar is obviously very interested in his the way he looks to employees and even customers and maybe he maybe the board told him to do this or maybe he just thought it was the right thing to do in terms of optics he certainly got some positive press out of it so we'll see what happens.
United Airlines CEO forgoes 2017 bonus, board chairman to step down
"The worst thing that can happen is somebody is going to tell you no but they they may say yes and then really great things can happen he says creditors are more likely to say guess if you pay on time daria albinger abc news i give it a try big shakeup underway at united airlines the ceo oscar munoz cutting his pay for two thousand seventeen by more than half and the chairman of united's parent company is stepping aside muna's told the airlines employs yesterday he suggested the companies compensation not pay him a bonus for last year nine point six million dollars has made last year is less than half of what he was paid in two thousand sixteen the parent company united continental holdings announced chairman robert milton and other board members are not going to seek re election to the board and britain's newest prince is already home hours after being born the duchess of cambridge and prince william welcomed their third child and second into second son that is in the world on monday less than seven hours after the birth seven hours the duchess and prince left the hospital with their eight pound seven ounce boy of course in the car seat and how do we feel here in the states the baby boy is fifth in line to the british throne for nikki perry owner of tea and sympathy a restaurant for.
Teachers in Oklahoma, Kentucky walk out, demanding higher wages
"The markets starting next week the week after that we'll really kick off the first quarter earnings report season and earnings for the first quarter looked to be very good so in terms of positive catalyst remember there's a slew of economic data that's been better than expected for the most part during the first quarter and i certainly think the first quarter earnings reporting season we'll stand out as a positive catalysts swedish music streaming giant spotify begins trading today but instead of an initial public offering its using the unusual direct listing no new stock is issued but insiders can start selling there's immediately tens of thousands of public school teachers in oklahoma and kentucky marched on their state capitals demanding higher wages and better classroom resources in frankfort kentucky elementary school teacher melissa sheets we are not something that you can't put at the bottom of the bucket we're not something that you can put lobbyists over we are the future i mean our students are the future and they need to find our future oklahoma teachers planning to continue their classroom walkout today at the state capital prompting the oklahoma city tulsa and other districts to cancel school for a second day forecasters are looking at it increased risk for severe storms today from the ohio valley to the lower and mid mississippi valley a potent lows tracking across the midwest threatening large hail and damaging winds but isolated tornadoes are possible through the evening at least fifty five people have died in illinois dozens hospitalized rather that is two people have died in illinois dozens have been hospitalized after using synthetic marijuana and then experiencing severe bleeding public health officials say fifty four people have been stricken in the chicago area and in central illinois with nine of the hospitalized people testing positive for a form of rat poison as well and the ceo of united airlines is in the crosshairs again but not for an airline problem the first coast news reports oscar munoz is accused of taking sand from public beach in florida to create protective dunes in front of his seven million dollar home videos heavy machinery scooping the sand from the beach and moving it in front of his house florida's department of environmental protection has summoned munos and his wife to a meeting with the state on the show bit about here to say the least thanks rasa coming up more options if you're flying cross.
"oscar munoz" Discussed on WGN Radio
"The long and short of it is airline ceos don't tend to lose their jobs off of a dog incidents and you know either oscar will decide to retire at some point for reasons that we know nothing about or the board will remove him someday if united's financial performance isn't there knowing your story you've written that he he doesn't think or or the crux of the story is that perhaps he hasn't taken united where everybody wants it to be what he has gotten a pre close hasn't he these are huge corporations with tens of thousands of employees united has had a morale problem among some frontline employees for a long time they of course had a difficult time closing their merger with continental and oscar was brought in to bring together the employee groups to make everybody happier to make it seem more like one airline and as you're saying like on that front he was pretty successful but the flight attendants soon we'll be working under one contract not to as they were before united employees tend to be a lot happier this is an odd way of trying to tell how good a ceo is but it's kind of funny employees like to take selfies with oscar munoz the same way that they do with other airlines ceo's like airline employees really like their ceo's for some reason and i never got the feeling under united's former ceo jeff smith that employees were lining up to take a cell and then put it on social media so by that measure alone oscar llosa's doing better than his predecessor he seems like a genuine kind of guy maybe that's what's coming through on this i think people probably already have forgotten that here's a guy who survived a heart transplant and came back to work two months after that absolutely i'm not a doctor but from what i understand the way that he came back how quickly came back was unusual by all accounts he has a very full schedule always at the airport always working on the operation and it's it's it's really impressive the way that he balanced back and and who knows how much longer he's gonna wanna do it maybe it will be forever maybe it won't be i certainly don't know.
"oscar munoz" Discussed on News-Talk 1400 The Patriot
"What you set my dog to japan no food no water you know how many hours it takes to fly to japan it ain't kansas so now there's a big picture a big picture question on the business side of things oscar munoz i think is the ceo of united and i've been reading a lot of articles today about his his fate his future and the suggestion that he's not going to remain as the ceo because of these embarrassing pr blunders on the part of united airlines they'll make no mistake united has owned the death of the little bulldog on the houston to laguardia flight united has taken full responsibility which suggests to me they know their flight attendant is one hundred percent in the wrong they know the flight attendant did something really and the dog is killed and they're going to have to write this family a big fat check i don't know how much they're going to have to pay but it isn't going to be twenty nine dollars now i'm sure they're going to have to write a big fat check to the family of the dog that they traumatized by sending japan they had to write a big fat check to the guy that they dragged down the aisle and bashed his head against the arm rests remember that case and they had to write a big fat check i guess there was a giant bunny that died on a united flight so the article i read i think it was business insider suggested that united has to get rid of it's ceo because of these mistakes because it reflects his leadership and i'm not sure i'm ready to dive into that i don't i'm not sure i'm ready to go down that path or you you think it's the ceo's fall that some moron ick flight attendants somehow thought that a dog could be put in the overhead bin and again i still don't get how no one on that plane could have been the grownup and said you can't put that poor animal up in the overhead bin it's gonna suffocate how would you not know that but that's not oscar munoz is fault you think he thinks he's got a flight attendant who's gonna pull an imbecile move like that now i i don't i don't know that it has anything to.
"oscar munoz" Discussed on WGTK
"What you sent that he's not going to remain as the ceo because of these embarrassing pr blunders on the part of united airlines they'll make no mistake united has owned the death of the little bulldog on the houston to laguardia flight united has taken full responsibility which suggests to me they know their flight attendant is one hundred percent in the wrong they know the flight attendant did something really idiotic and the dog is killed and they're going to have to write this family a big fat check i don't know how much they're going to have to pay but it isn't going to be twenty nine dollars now i'm sure they're going to have to write a big fat check to the family of the dog that they traumatized by sending to japan they had to write a big fat check to the guy that they dragged down the aisle and bashed his head against the arm rests remember that case and they had to write a big fat check i guess there was a giant bunny that died on a united flight so the article i read i think it was business insider suggested that united has to get rid of it's ceo because of these mistakes because it reflects his leadership and i'm not sure i'm ready to dive into that i don't i'm not sure i'm ready to go down that path or you you think it's the ceo's fault that some moron roenick flight attendants somehow thought that dog could be put in the overhead bin and again i still don't get how no one on that plane could have been the up and said you can't put that poor animal up in the overhead bin it's going to suffocate how would you not know that but that's not oscar munoz is fault you think he thinks he's got a flight attendant who's gonna pull an imbecile move like that now i don't i don't know that it has anything to.
"oscar munoz" Discussed on Reality TV RHAP-ups: Reality TV Podcasts
"All of us seeing like an itin with her late two weeks later and itin with him of showing both telling both sides of the story right right and for a reenactment like we saw when then guys jumped off the balcony broke both his legs and bachelor bird is because he's looking at a little later that's an oscar munoz yes and and we go a little more backstory with um but becker segment in the hot seat where um she talked about like that they looked at houses together and she thought that he you know she knew he was struggling with like or you know i feel bad about ended with laura i'm so thinking of our at times but you know she didn't think it was too this extreme she thought that he just in a closure in she gave him permission to reach out in get if he needed that closure but he didn't reveal like when that he had reached out is obviously he was not just trying to get closure you as you know trying to trying to fill things are yeah exactly so chris is asking you did you think it was going to go south and she's like no i definitely i never thought i was going to go with that south like you know she pie picked up on oh you know we're not texting us monitor like some things a little off but wilshire is urging allied amy it's on air she was worst shanta vegas her a conference and she was in another city in yeah there are so many times where he just wanted to smack ari because of the things he was saying was ridiculous and he never once.
"oscar munoz" Discussed on WGN Radio
"About is the fight numbering on how they come up with the numbers of flights yeah the flight numbering thing is is is fun so years ago actually not that many years ago most airlines numbered their flights by hand so somebody in the network planning department at american might say all right you know late thirty five is going to be chicago to los angeles but as you mentioned american has sixty five hundred flights a day right now and so the idea of numbering all those flights by hand is just insane so american has a machine that does it for them the machine works with certain parameters so you'll notice there really isn't a americans left at six six six and they don't generally reuse flight numbers from previous crashes but otherwise almost all done by machine except that there are our some famous flight numbers that are basically grandfathered in so that's why new york to la for example is flight number one and probably will always be flight number one let's talk about something else you've been writing about americans competitors chicago's hold down airline united end this polaris flight the affair it really is never kind of match what they said it was going to be well you know a united would dispute that um but i think that we all remember in june 2016 when he united's ceo oscar munoz took the stage at a theatre in new york and said we're going to have this brand new polaris service it's going to be more luxurious than what we've had before and customers are going to sleep very well and you know hasn't exactly worked out as united had hoped united always said it was going to take a long time to retrofit the planes and to add these lounges by you know by some accounts it's probably taken a little bit longer than anyone expected and then so you tie that to the fact that some of the onboard elements that they promoted a couple of years ago haven't worked either so there is a big deal he'll about united bringing a bloody mary cart for morning flights and recently united said they're going to get rid of the budding mary cart and they.
"oscar munoz" Discussed on Here & Now
"They're lighting business and and basically a lot of businesses that are core to their traditional business now there was also an earnings call yesterday with united airlines ceo that didn't go well what happened well it's funny these calls are usually pretty cordiale between analysts and ceos and chief financial officers this one just kind of got very testy oscar munoz was asked to update some of the company's financial targets saw on its costcutting efforts and how it's going to manage its capacity of airline seats and he just didn't have updates of the numbers that the analysts wanted and and there was a lotta you could sense the frustration on the part of of the annals so it's sort of unusual to get that testy of an exchange between executives on the analysts and the stocky you know just started really going into freefall almost during that conference call and by the end of it there were people speculating that you know they might be changed management again and that you know he just did not come through on the call with the information that these analyst wont so very unusual situation one it must be very difficult to be a major company that is not doing so well when the whole stock market is hitting new records that's that's absolutely right it's very tough to that co to say uh to to put a gently when you know the markets up thirteen fourteen percent on the year and and you're stock prices is down in double digits for the year um and it's really you know the stock market's really been led by the big technology firms this year so these companies are really participating in that it's like a regan senior editor bloomberg news mike thank you thank you.
"oscar munoz" Discussed on CNBC's Fast Money
"The see here upgrading the ceo so we came as you like it is time i think it was a 100 percent greyling but i do i like what he said here i mean contrasted to what oscar munoz did yesterday with united airlines right he started talking and that stocked this guy starts talking and it goes green after being down eight percent how can you give a totally different great that i give it to give mentoring nothing about it you didn't tell me anything now granted the stock price job because you have people play placing bets saying i'm not going to get a 21 print i'm not going to get a twenty print with general worth eu cities effectively cutting the don't you just say okay decision set up with the kid gloves i don't mean to you need eight dollars the gloves union in the fund the pensions you need eight billion the fund the dividend there's not he's not getting there he's okay no that giving you're seen giving you a by the stop yasser against the twenty one stop which is what i said last night against the twenty one stop having nothing to do nothing to do with what the ceo spoke about because he could have gone a third saying he could have got up there and saying it'd be cases i get manet because i heard on the interview right a television interview to see the power to say we're gonna cut the dividend that he doesn't have the power to do that he can't do that so he needs to get bored approval he needs to go through the proper channels is more today therefore for him to come out and have that conversation with an interview an an interview like this to say oh yes we're taking the dividend down.
"oscar munoz" Discussed on Mornings with Keyshawn, Jorge & LZ
"And the hey you say that judo blame a guys like floyd mayweather for ducking the best competition boxing just going out to make the money that shock me from a competitor such as yourself hey still competing not really not at nakas he's not challenging south of beat the best the way no by the way the alltime greats did need fight every body that will support that he was supposed when they were not in five years old year when they were not when when they were not in a private f reduction mosey for a long time to mostly got old he fought eight four oscar munoz older he afford koto and kota was older and analysts in you think is calculated in terms of the age i'm not gonna fight him after he got win in his early twenties he fought everybody diego as he will did and then as he got lateness 20s and it was thirty says wait a minute i can make this by a voiding the best he's not a vagina besseges day they're not they don't draw but there was no they are for the berry obviously is drawn because he's make on instead of making twenty million to fight somebody could have 40 forty in a fight somebody who's better you see so if it will do it respected normality duct joe frazier ugo different airman who was the difference competence competition allies different air would you respect alvarez if he refused to fight triple jeep forbid you say many but as the next guy right now the next guy contest while i wouldn't do that like for zandt we waited five years when the fight packie because he needed to be right the money was right from the start yeah i make any more money based on waiting now trailer nor will he will go for me and by you would have had maybe you're trilogy but definitely a remand at i fought back right ulimate hormone in yup year unit womanhood however did when a finance floyd doing the right thing minutes not beyond payton on young unarmed a say in other for a surprise how you doing deylaud hoyer now saying that you understand why he wouldn't fight take on his toughest challenge the may i i look if he.
"oscar munoz" Discussed on KGO 810
"They know what it's like being a piece a cadillac cinch right in in so he makes even worse but i will tell you to his credit into united's read it within seven days of that incident they completely turned around you know oscar munoz went back out he apologized for for seeing the wrong thing for the treatment of the cost moose and then i think most importantly the immediately corrected the those mistakes was in not going to do that again hughes or new rules and policies so they put something in place to to i think com people were angry in than most importantly think the subtle with the attorney within a missed dr does attorney with sevento10 days in the put this thing duress now or people still upset about what happened on her persson looked to they look at united with a of fresh set eyes i think so well you and i talked after that retired on the phone and one of the things is how much they settle for you have no idea you and i are pretty much the same away up there some people bret said like a million tumor you gotta be kidding it's much more more than that i i think it's millions and millions i think that was the only way to make a go away that quickly in in it so really gonna plaintiff's attorney appraising the ceo after settlement like that that i suspect there's a lot of money either so you honestly think they've whether the crisis i mean the other reason that they probably did and we talked about that is in this day and age if if if one air fifty cents cheaper you're gonna go to that no matter what it is anyway it's true i think they would that the crisis the thing people remember that it's a fresh wound in everyone's mind because they fuel even though they they will not the victim in that case the fuel be corporations many times treat them like that um but i think united as revived i've flown them since i have to say i i've found him a film and be more carrying a more thoughtful so maybe every once in a while horrible incident has to occur for people to realize that they're in the people business and they need to treat their customers well one of the.