United is about to hit more turbulence
The timing could hardly be worse.
United Continental Holdings UAL, -1.10% , already reeling from the public relations disaster of flight 3341, now has to announce embattled CEO Oscar Munoz’s annual bonus. And according to company documents it’s likely to be around $13 million — his reward for aggressively raising the airline’s short-term profits.
Note: United has lost almost $250 million in market value this week, guess he aggressively lowered those profits.
Oops.
That will be reflected in next year's bonus.
This takes the cake! From PR Week Magazine (note this just happened a month ago)
Communicator of the Year 2017March 17, 2017 by PRWeek staff
Only two months and change after having undergone a heart transplant, Oscar Munoz returned full time in March 2016 to his role as CEO of United Airlines.
Since then, he has continued the unlikely turnaround of United, a feat made more extraordinary given his health crisis just six weeks after he took on the airline’s top job.
An excellent leader who understands the value of PR, Munoz’s ability to connect and share with employees his vision for the airline, and get them to rally behind it, are key reasons
PRWeek’s editors have named him 2017 Communicator of the Year.
Read more at
http://www.prweek.com/article/1427604/communicator-year-2017#AOEJtZdXSecz2Z6w.99