The lack of details about United Continentals ill CEO is causing concern amongst some financiers.
Vicki Bryan, senior high yield analyst, at Gim me Credit, has called the absence of news about the health of new CEO Oscar Munoz ominous for a business that has had a hard time with its performance and customer service since its merger.
The airline company stated last Friday that Munoz had actually been confessed to the healthcare facility, however included little else. The Wall Street Journal and other news outlets reported that Munoz, on the job just considering that September after the sudden resignation of former CEO Jeff Smisek, had actually suffered a cardiovascular disease.
On Monday, Uniteds non executive chairman of the board Henry Meyer III stated the business would modify its business governance process by Tuesday in the wake of Munozs hospitalization.
However Bryan said there was a need for lots ofa lot more details. Instead United seems to be unknowingly amping up the installing stress and issue surrounding this currently painful episode for Mr. Munoz and his household along with for Uniteds workers, clients, investors, and other stakeholders. Hopefully a more appropriately detailed and customized message is forthcoming from United today.
Bryan remained to offer a score of underperform to the airline company. However while shares dropped about 3 % in the wake of the first news reports last week, stock was trading 1.57 % higher, at $56.85 per share on Monday early morning.