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bourbon
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United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:07 pm

Just got a news alert on my phone that United CEO has been taken to a Chicago area hospital due to a heart attack.
http://www.cnbc.com/2015/10/16/unite...-in-hospital-dj-citing-source.html

[Edited 2015-10-16 10:12:30]
 
Sooner787
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:14 pm

Prayers for Mr. Munoz and his family   
 
callmedrewy
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:15 pm

Oh shucks! That is not good. Praying for speedy recovery.
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commavia
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:20 pm

Oh, jeez. Poor guy - hope he makes a good recovery.

In the meantime, wow - how much more "shock" can this company take?
 
Sooner787
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:25 pm

IF United needs to appoint an interim CEO while Mr. Munoz recovers,

I wonder if they could talk Gordon Bethune into helping out?
 
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LAXintl
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:29 pm

Frankly I see a new CEO in the cards.

Clearly even a mild episode will require lifestyle and work changes for Mr. Munoz based on Dr. recommendations.

Unfortunately fact is that running a large corporation like UA means you are on essentially from the minute you wake till you go to bed.
With so much work to do and so much happening in a big enterprise like United one really needs to be at 110%.
I'm not sure Mr Munoz will be able offer himself to such high capacity without further endangering his health.

So I suspect like it or not, the BoD will have to consider this and evaluate their options.
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DolphinAir747
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:37 pm

Quoting Sooner787 (Reply 6):
I wonder if they could talk Gordon Bethune into helping out?

His Facebook fans are certainly begging him to.

Why not Frank Lorenzo?

Poor UA and Oscar though. They get so much crap on this site.
 
UA444
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:50 pm

Keep Bethune far far away. If Oscar is unable or willing to continue, they need to look to another outsider. I wish him a speedy recovery.
 
Sooner787
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:54 pm

Quoting UA444 (Reply 7):
Keep Bethune far far away. If Oscar is unable or willing to continue, they need to look to another outsider. I wish him a speedy recovery.

How about Bob Crandall?   
 
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LAXintl
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:56 pm

Whats more amazing is that this happened yesterday and company has been sitting quiet on this news for 24-hours.

They should have had something to release to the world prior to stock market opening this AM and control the story.
Now its gone viral on its own including hit to share prices.

  
From the desert to the sea, to all of Southern California
 
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DolphinAir747
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:57 pm

Why not Tom Horton? No one has ever turned an airline over in such a short period of time as he has.
 
Rdh3e
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:58 pm

Quoting LAXintl (Reply 9):
Whats more amazing is that this happened yesterday and company has been sitting quiet on this news for 24-hours.

They should have had something to release to the world prior to stock market opening this AM and control the story.
Now its gone viral on its own including hit to share prices.

You don't know when they found out. If I had a heart attack at dinner my family's first reaction wouldn't be to call my boss...

Here is the presser:

CHICAGO, Oct. 16, 2015 /PRNewswire/ -- We have been informed by Oscar's family that he was admitted to the hospital on Thursday and we will provide further details as appropriate. In the meantime, we are continuing to operate normally.
Our thoughts and prayers are with his family and we are respecting their privacy.

[Edited 2015-10-16 10:59:32]
 
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enilria
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 5:59 pm

Quoting LAXintl (Reply 7):
Frankly I see a new CEO in the cards.

I think that was likely already.

Quoting LAXintl (Reply 9):
Whats more amazing is that this happened yesterday and company has been sitting quiet on this news for 24-hours.

They should have had something to release to the world prior to stock market opening this AM and control the story.
Now its gone viral on its own including hit to share prices.

I was kind of surprised at that too. Plus the fact that he has been in the hospital this long with no health update is certainly not inspiring of confidence. The reason to wait would be to provide a reassuring prognosis not available on the day of the event.
 
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DolphinAir747
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 6:00 pm

Quoting LAXintl (Reply 9):
Whats more amazing is that this happened yesterday and company has been sitting quiet on this news for 24-hours.

They should have had something to release to the world prior to stock market opening this AM and control the story.
Now its gone viral on its own including hit to share prices.

Seriously? Why can't UA do a single thing without being criticized to death?
 
catiii
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 6:01 pm

Quoting LAXintl (Reply 5):
Clearly even a mild episode will require lifestyle and work changes for Mr. Munoz based on Dr. recommendations.

Not necessarily. Oscar is a pretty fit/healthy guy. An arterial blockage is as much genetic as it is a lifestyle issue. A simple angioplasty and frankly he could carry on as if nothing happened.
 
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LAXintl
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 6:02 pm

Quoting RDH3E (Reply 11):
You don't know when they found out. If I had a heart attack at dinner my family's first reaction wouldn't be to call my boss...

Yesterday United announced cancellation of a labor meeting Oscar was to have with unions. That was done at something like 2pm for everyone to see. So powers to be internally obviously knew Oscar was out of action at some point prior to posting that message.

Quoting DolphinAir747 (Reply 13):
Seriously? Why can't UA do a single thing without being criticized to death?

I'm sure there are some legal/SEC ramifications. Imagine knowing about this material event before its public info and you could short the stock for a nice profit today.

Quoting catiii (Reply 14):
Oscar is a pretty fit/healthy guy.

Do you know him personally?

[Edited 2015-10-16 11:07:42]
From the desert to the sea, to all of Southern California
 
catiii
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 6:14 pm

Quoting LAXintl (Reply 15):

Do you know him personally?

Yes, I do. Do you?
 
Ammad
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 6:17 pm

US Airways' final flight closes curtain on another major airline and United CEO in hospital...Dang.
 
eaglepower83
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 6:50 pm

Quoting DolphinAir747 (Reply 10):
Quoting DolphinAir747 (Reply 10):

Why not Tom Horton? No one has ever turned an airline over in such a short period of time as he has.

Agreed! I think he handled the bankruptcy amazingly well, and AA was largely still a pleasure to fly with through all that.
I'd vote Tom.

I'm sorry, I'm getting sick of hearing Bethune's name thrown around. He's from yesteryear, and he actually supported Smisek. No credibility after that.

Shocking news. Hope Munoz is ok. UA just can't cut a break.
 
hivue
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 7:38 pm

Quoting LAXintl (Reply 5):
Clearly even a mild episode will require lifestyle and work changes for Mr. Munoz based on Dr. recommendations.

What else did his doctor tell you?

Quoting catiii (Reply 16):
Quoting LAXintl (Reply 15):
Do you know him personally?
Yes, I do. Do you?

Apparently he knows his doctor.  
"You're sitting. In a chair. In the SKY!!" ~ Louis C.K.
 
777ord
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 7:54 pm

Quoting EaglePower83 (Reply 18):
Agreed! I think he handled the bankruptcy amazingly well, and AA was largely still a pleasure to fly with through all that.
I'd vote Tom.

Except the fact the work force has no respect for him. We'd take Arpey any day...
 
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LAXintl
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 7:57 pm

United is not the Politburo.

The health and work capacity of a CEO at one of America's largest corporations is very much in the public interest and has legal repercussions.

Matter of fact senior executive having a heart attack or taking time off is a material change and often must be reported via SEC filings and is a corporate risk factor that must be disclosed.
From the desert to the sea, to all of Southern California
 
Mitico12
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 8:15 pm

With all due respect to Mr. Munoz, he isn't the "wheels hitting the ground" guy making the airline run. Long term, sure, it's a concern. Near term, not an issue.
 
bobnwa
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 8:30 pm

Earlier today Mr.Munoz was taking flak on this forum because he canceled a meeting with Union officials. Maybe some of our members should think twice about their fault finding, without knowing all the story.
 
catiii
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 8:32 pm

Quoting LAXintl (Reply 21):
The health and work capacity of a CEO at one of America's largest corporations is very much in the public interest and has legal repercussions.

Matter of fact senior executive having a heart attack or taking time off is a material change and often must be reported via SEC filings and is a corporate risk factor that must be disclosed.

An officer taking a vacation is not material. Further, according to the WSJ:

"United directors were informed about Mr. Munoz’s heart attack starting Thursday night, the person said."

While United has a responsibility to disclose material information, they don't have to disclose it within in a certain time frame. They don't even have to disclose it via a press release. Its seems like UA disclosed it within about 15 hours of the event. The company has to strike a balance between transparency and privacy. Now, YOU may not like how they disclosed it (heck some companies bury it in the 8K), but that certainly does not mean they did anything wrong. I don't know if you have an anti-UA bias, but the fact of the matter is that given the way heart attacks, stress tests, angiograms, etc work they probably were waiting for all the facts to come in. There are a number of legal opinions on this, and I am sure if you search Compliance Week or any of the legal journals you'll find those.
 
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DocLightning
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 8:38 pm

Quoting Sooner787 (Reply 4):
I wonder if they could talk Gordon Bethune into helping out?

Mr. Bethune is enjoying his retirement. He is done. Not coming back.
-Doc Lightning-

"The sky calls to us. If we do not destroy ourselves, we will one day venture to the stars."
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747megatop
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 9:22 pm

Quoting Sooner787 (Reply 8):
How about Bob Crandall?

Or how about Alan Mullaly?
 
DualQual
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 9:32 pm

Quoting 747megatop (Reply 26):

I'd be very much interested in seeing what he could do should Mr Munoz be unable to continue.
There's no known cure for stupid
 
747megatop
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 9:38 pm

Quoting catiii (Reply 14):
Not necessarily. Oscar is a pretty fit/healthy guy. An arterial blockage is as much genetic as it is a lifestyle issue. A simple angioplasty and frankly he could carry on as if nothing happened.

Again, we don't know the facts
a) We don't know if this was a cardiac arrest due to an electrical malfunction in the heart OR if it was a heart attack due to a blockage or blood clot. [most often cardiac arrest and heat attack are used interchangeably but there are not the same technically].
b) Being fit doesn't matter; the guy may have been running 6 miles a day and working out in the gym but may have been sleeping 4 hours a day due to his stressful work schedule. Lack of sleep and stress is a recipe for disaster!!!
c) There is no such thing as a simple angioplasty. An angioplasty is an angioplasty and moreover in Mr Munoz's case we don't know how much of a blockage there was IF in fact there was a blockage.

So, at this point we know ABSOLUTELY NOTHING other than the fact that he is in hospital. We don't even know if he is concious OR not. We don't even know if he is in the ICU or not. So, i would suggest that we wait for the information and wish him luck. No use speculating.
 
UA444
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 9:39 pm

Most heart attacks aren't caused by stress but by genetics and poor diet. And most are not only survivable but rarely is a patient in the ICU longer than a day.

In all likelihood, Munoz would've had his heart attack regardless of him taking on the UA job.

[Edited 2015-10-16 14:41:13]
 
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thekorean
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 9:48 pm

Quoting UA444 (Reply 29):

Stress isn't THE factor but combined with others its a factor.
 
catiii
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 10:00 pm

Quoting 747megatop (Reply 28):

Agreed, which is why I posted what I did in response to the original poster saying Mr. Munoz would need "lifestyle and work changes."
 
rugger
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 10:01 pm

Quoting catiii (Reply 14):
Not necessarily. Oscar is a pretty fit/healthy guy. An arterial blockage is as much genetic as it is a lifestyle issue. A simple angioplasty and frankly he could carry on as if nothing happened.

He could just be in the hospital having tests run. If it is a blockage, they'll stick in a stent and he'll be on his way with no problems. This just recently happened to a friend of ours. 95% blockage of one of the main arteries. They put a stent in, kept him in the hospital for three days to have all kinds of tests run and then let him go, no restrictions at all. And he is 74 years old!

Heart care has come a long way in just the past 10 years.
 
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stasisLAX
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 10:03 pm

Perhaps Mr. Munoz had a meeting with the United CFO and got a look at the "uncooked" version of the books?   
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Armodeen
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 10:16 pm

Quoting catiii (Reply 14):

Not necessarily. Oscar is a pretty fit/healthy guy. An arterial blockage is as much genetic as it is a lifestyle issue. A simple angioplasty and frankly he could carry on as if nothing happened.

Exactly, totally treatable these days.

Best wishes for a speedy recovery.
 
KFLLCFII
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 10:24 pm

I hear Smisek is available...
"About the only way to look at it, just a pity you are not POTUS KFLLCFII, seems as if we would all be better off."
 
747megatop
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 10:50 pm

Quoting DualQual (Reply 27):
I'd be very much interested in seeing what he could do should Mr Munoz be unable to continue.

Me too. He was heading BCAG (Boeing Commercial Airplanes Group) when i worked for Boeing in the early 2000s. Was a very popular guy back then. He turned Ford around (http://usatoday30.usatoday.com/money/companies/management/bartiromo/2011-07-17-ford-alan-mulally-five-year-plan_n.htm). Agreed Ford, Boeing and UAL are all totally different businesses..but a man like Mulally is definitely capable of turning UAL around and taking it to higher levels.
 
maxamuus
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 10:51 pm

Quoting KFLLCFII (Reply 35):

I hear Smisek is available...

No, $mi$ik is a nose hair away from vacationing in a federal penitentiary.
 
UA444
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 10:55 pm

Alan Mullaly was strongly rumored to take over at UA in 2002. This was during the search that led to Glenn Tilton getting hired. It was assumed that he was going to take the job but it leaked out to the press and Boeing did everything in their power to keep him. I wonder what UA would be like today had he taken over back then.
 
infinit
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 11:20 pm

It must be very stressful to head one of the world's leading airlines. I hope Mr Munoz makes a speedy recovery.
 
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EA CO AS
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 11:22 pm

Ok fine, UA - you win. I'll reluctantly take the CEO job. I'm former CO anyway from the Bethune days, so I know a thing or two about how to turn this beast around.  

Best wishes to Oscar for a quick recovery!
"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan

Comments made here are my own and are not intended to represent the official position of Alaska Air Group
 
StrandedAtMKG
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RE: United CEO Munoz In Hospital - Heart Attack

Fri Oct 16, 2015 11:37 pm

So nice of a.net to have planned and attended Mr. Munoz's funeral already, despite him not having been invited.

Plenty of people have heart attacks and then turn around to live long, productive lives. Let's give Mr. Munoz the chance to do that, shall we? And perhaps we could refrain from trashing his management skills, given that he's only been with UA for two weeks.
 
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Boeing778X
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RE: United CEO Munoz In Hospital - Heart Attack

Sat Oct 17, 2015 12:52 am

Prayers and wishes to you, Mr. Munoz! Get well soon!

He doesn't seem that old. Does he have a history of bad health?  
Quoting UA444 (Reply 7):
Keep Bethune far far away.

Never miss a chance, do you?    We're all rooting for your guy, and you take this opportunity to take shots at CO and Bethune?

Grow up!

Quoting LAXintl (Reply 5):
Frankly I see a new CEO in the cards.

Munoz isn't going anywhere. He'll have a speedy recovery and be back soon, I'm sure.

That's not to say he doesn't need help if need be.

Quoting KFLLCFII (Reply 35):
I hear Smisek is available...

Halloween isn't for 2 more weeks.
United Airlines: $#!ttin' On Everyone Since 1931
 
United Airline
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RE: United CEO Munoz In Hospital - Heart Attack

Sat Oct 17, 2015 1:24 am

I guess he will be fine and will return to work soon.

John Tsang the financial secretary of Hong Kong had a heart attack back in 2008 and had an angioplasty and he is tstill in the office today. Lord Christopher Patten the former governor of Hong Kong had bypass surgery back in 1996 and he continued his post till 1997 and he is still active.
 
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MarcoPoloWorld
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RE: United CEO Munoz In Hospital - Heart Attack

Sat Oct 17, 2015 1:59 am

Quoting LAXintl (Reply 21):
Matter of fact senior executive having a heart attack or taking time off is a material change and often must be reported via SEC filings and is a corporate risk factor that must be disclosed.

I'm glad this guy didn't collapse in front of you - I'm sure you would have called the SEC before calling 911.
 
catiii
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RE: United CEO Munoz In Hospital - Heart Attack

Sat Oct 17, 2015 2:07 am

Quoting LAXintl (Reply 15):
I'm sure there are some legal/SEC ramifications. Imagine knowing about this material event before its public info and you could short the stock for a nice profit today.

At my company, people in positions of knowledge like this have to get permission to buy/sell. It's the same at UA.
 
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lesfalls
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RE: United CEO Munoz In Hospital - Heart Attack

Sat Oct 17, 2015 3:04 am

Hope you get better Munoz  .
Lufthansa: Einfach ein bisschen besser.
 
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LAXintl
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RE: United CEO Munoz In Hospital - Heart Attack

Sat Oct 17, 2015 5:35 am

Quoting catiii (Reply 24):
An officer taking a vacation is not material.

CEO of a top American company being incapacitated certainly is.

UA PR blundered this crisis terribly. It was know since noon on Thursday he was out and not a peep until Bloomberg and CNBC broke the story 24-hours later, and even then virtually no information was shared with employees, public or investors.

For all we know he is out for the count. Company has shared thinnest of facts and not even been able to make a simple statement like he is "expected to make a full recovery" to calm markets.

As this evenings WSJ article states:

Robert Robins, a retired Tulane University professor of political science who has studied how companies handle executive illness, said United should divulge more detail than was included its brief statement. Mr. Munoz and his fellow directors have an ethical obligation “to be fully candid with shareholders about the nature of his illness and the prospects for his returning to his job,’’ Mr. Robins said.

Quoting stasisLAX (Reply 33):
Perhaps Mr. Munoz had a meeting with the United CFO and got a look at the "uncooked" version of the books?

Too bad UA does not a real CFO in place since the last one quit in August to go to PayPal.

As WSJ also put it:
United’s board has limited alternatives if it needs to appoint an interim CEO.
“We have remained cautious about United until we could see conclusive evidence of a turnaround—unfortunately Mr. Munoz’s illness could at best delay that even longer,” said analysts at Gimme Credit. “He hasn’t had time to build ‘his’ team, and it’s not like United has a convincingly deep bench for a replacement CEO.”


Quoting catiii (Reply 45):
At my company, people in positions of knowledge like this have to get permission to buy/sell. It's the same at UA.

Loose lips sink ships. Certainly growing number of folks by the hour knew of his absence, and every hour potentially increases chances of news slipping in the hands of parties that can utilize it for an advantage.
From the desert to the sea, to all of Southern California
 
wjcandee
Posts: 10287
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RE: United CEO Munoz In Hospital - Heart Attack

Sat Oct 17, 2015 7:18 am

Quoting DolphinAir747 (Reply 10):
Why not Tom Horton?

At first I thought you meant Tim Horton. HE makes great donuts.
 
jetwet1
Posts: 3309
Joined: Thu Jun 14, 2007 4:42 am

RE: United CEO Munoz In Hospital - Heart Attack

Sat Oct 17, 2015 7:38 am

Quoting catiii (Reply 14):
Not necessarily. Oscar is a pretty fit/healthy guy. An arterial blockage is as much genetic as it is a lifestyle issue. A simple angioplasty and frankly he could carry on as if nothing happened.

Yes, but until UA lets the world know more right now it is guess work, I hope it's just a small blockage that doesn't involve having his chest cracked, that's a whole different ball game.

Quoting LAXintl (Reply 21):
The health and work capacity of a CEO at one of America's largest corporations is very much in the public interest and has legal repercussions.

Matter of fact senior executive having a heart attack or taking time off is a material change and often must be reported via SEC filings and is a corporate risk factor that must be disclosed.

True, I am a little surprised it took UA that long to make the announcement, however, I have to wonder how HIPPA works in a case like this.

Quoting 747megatop (Reply 28):
b) Being fit doesn't matter; the guy may have been running 6 miles a day and working out in the gym but may have been sleeping 4 hours a day due to his stressful work schedule. Lack of sleep and stress is a recipe for disaster!!!

The surgeon that worked on my heart ran marathons, he had a heart attack a month after me, scary.

Quoting UA444 (Reply 29):
Most heart attacks aren't caused by stress but by genetics and poor diet. And most are not only survivable but rarely is a patient in the ICU longer than a day.

True, but trust me on this, stress can play a huge roll in them, I went through a physical 2 months before having my heart attack, clean bill of health....

Quoting thekorean (Reply 30):

Stress isn't THE factor but combined with others its a factor.

Exactly.


Anyways, fingers crossed for a quick recovery, as others on here can probably testify, if they crack his chest he is out for 2-3 months, then it gets strange.

I thought about retiring after mine, after a couple of months I was bored out of my brain, after talking to my doctor she told me I can work, but keep the stress down, so I took a position with a company that has no stress, after 6 months I now find myself in a strange place, while the company is taking care of me, I find that I want to be more active in the decision making processes that go on, but, that would draw me back into the stress side of things, so overall work is now becoming very un-fulfilling. I hope Mr Muniz is able to find a balance.

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Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos