777-500er
Posts: 465
Joined: Sun Oct 31, 1999 11:43 pm

John W. Creighton Is United Airlines New Ceo!

Mon Oct 29, 2001 10:15 pm

CHICAGO, Oct. 28, 2001 UAL Corporation (NYSE: UAL), parent company of United Airlines, announced today that John W. Creighton has been elected chairman and chief executive officer by the unanimous vote of the company's board of directors following the resignation of James E. Goodwin. Mr. Creighton is a member of UAL's board of directors.

Mr. Creighton said, "Throughout the time I've been associated with United, I've taken great pride in the depth of talent and dedication that exists at every level of the company. Our ability to pull together and effectively harness these attributes will be critical to United's success during this difficult period for our company and our industry. I appreciate the trust that the board, including the employee representatives, have placed in me.

"Our immediate goal is to restore United's financial stability. We intend to work hand-in-hand with our employees and unions to accomplish this task by developing innovative solutions to the issues we collectively face. Of course, our core business and getting our customers where they need to go safely and reliably will be my chief priority. We will continue to cooperate with the government and our regulatory agencies to provide the highest level of security both on the ground and in the air. This is what our employees, shareholders, and customers expect, and this is what we will deliver. I intend to serve until we are confident that the company is on the road to financial stability and has the leadership in place to ensure a thriving United," he continued.

Mr. Creighton concluded, "We thank Jim Goodwin for his major contributions to United, which were instrumental in growing the United brand and modernizing the airline to allow it to compete in an increasingly competitive environment. Jim Goodwin has dedicated his entire career to United, is a good friend and we wish him well."

Mr. Goodwin said, "I am proud to have contributed to the tremendous growth of United during my 34 years here and have never failed to be amazed at the many great things United employees can achieve. United is a great company and it is the right time for a new leader to guide the organization through the challenges that lie ahead. I wish my friends at United a future filled with every opportunity and continued success."

Mr. Creighton has been a director of UAL Corporation since 1998. Earlier, he served as president and chief executive officer of Weyerhaeuser Company from 1991 through 1997, and he was a director of that company from 1988 through 1998. He has been a director of Unocal since 1995.

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We are happy to hear that UAL has finally found a new leader!

Michael SFO
 Smile/happy/getting dizzy



 
ORDUAL24
Posts: 57
Joined: Sun Sep 09, 2001 12:54 am

Same Demon Different Costume?

Mon Oct 29, 2001 11:02 pm

he still wants us to give up $$$$$!!!!
 
DCA-ROCguy
Posts: 3890
Joined: Fri Apr 21, 2000 5:03 am

RE: Same Demon Different Costume?

Mon Oct 29, 2001 11:38 pm

UA employees, as well as executives, will have to give up money. That's just the market reality. Retiring old a/c and simplifying the fleet alone won't to it. Either the House of Cards cost structure comes down, or United won't be able to produce good returns for shareholders. It's a new world out there, and business people aren't going to tolerate $500-2500 domestic coach fares anymore.

That said, United management needs to show its commitment to the airline and its employees by *ditching Avolar now.* United employees and shareholders need to know that Creighton and the new management are committed to running the airline.

Jim
Need a new airline paint scheme? Better call Saul! (Bass that is)
 
AerLingus
Posts: 2280
Joined: Wed Mar 08, 2000 9:22 am

RE: John W. Creighton Is United Airlines New Ceo!

Tue Oct 30, 2001 12:35 am

Ding dong, the witch is dead, the witch is dead, the witch is dead.

By the way, it's my firm belief that if you work harder to make the employees happy, you will make the shareholders happier. This way, you'll be able to let the employees enact reasonable measures to save money while still maintaining god spirits about the whole affair.

Also, I hope that this new guy is a little more in touch with reality than some of the other big guys who are grossly overpaid. With luck, he'll realise that a big part of the monetary blackhole is executive salaries.
Get your patchouli stink outta my store!
 
AerLingus
Posts: 2280
Joined: Wed Mar 08, 2000 9:22 am

RE: John W. Creighton Is United Airlines New Ceo!

Tue Oct 30, 2001 12:36 am

Ding dong, the witch is dead, the witch is dead, the witch is dead.

By the way, it's my firm belief that if you work harder to make the employees happy, you will make the shareholders happier. This way, you'll be able to let the employees enact reasonable measures to save money while still maintaining good spirits about the whole affair.

Also, I hope that this new guy is a little more in touch with reality than some of the other big guys who are grossly overpaid. With luck, he'll realise that a big part of the monetary blackhole is executive salaries.
Get your patchouli stink outta my store!