United CEO Suffers Heart Attack

Posted Mon, Oct 26th, 2015

October 2015 | Phone: 866.512.0444

United CEO Suffers
Heart Attack

Oscar Munoz, CEO of United Airlines, is recovering from a heart attack suffered last Thursday prior to a labor summit with union leaders. United failed to promptly announce Munoz's admission to a hospital or the reason for it as concerns were raised about whether the company was disclosing enough information to investors. Subsequently shares closed down 3.1 percent.

"The CEO's health is financially material information and has a huge impact on all key constituencies from investors, media, and employees to customers, suppliers, and regulators."- Jeffrey Sonnenfeld, Corporate Governance Expert and Professor at Yale School of Management.

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