United Airlines CEO takes big pay cut, chairman leaves
A dog died after a flight attendant forced the owner to store the pooch in an overhead bin. Here’s a look back at the airline's most recent controversies.
United Airlines CEO Oscar Munoz’s saw a big pay cut in 2017, at his request, while the company is losing its chairman and another board member as it deals with numerous PR disasters.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UAL | UNITED AIRLINES HOLDINGS INC. | 91.17 | +0.01 | +0.01% |
Munoz took home $9.56 million last year, nearly half of compensation in 2016, according to a filing by the company. In an employee letter Munoz suggested that the company's compensation committee not give him a bonus.
"I felt it was important to send a message about the culture of accountability and integrity that we are building here as a United team.
"We had some incredible successes in 2017, but also some setbacks," he said.
Chairman Robert Milton, a former Air Canada CEO, is stepping down and will be replaced, while director Laurence Simmons is also departing.
These changes come as the company has dealt with numerous PR disasters over the past year, including a dog dying on a flight and the dragging of a passenger off of an overbooked flight.