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CEO's health issues warrant prompt disclosure

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Published Mon, Oct 26, 2015 · 09:50 PM

    UNITED Continental Airlines Inc appointed an interim CEO four days after CEO Oscar Munoz suffered a heart attack.

    On Oct 15, a Thursday, Mr Munoz was hospitalised but the company did not disclose his hospitalisation until The Wall Street Journal reported it the day after. The company did not confirm widespread reports of a heart attack until the following Monday.

    The time lag of United's statements on Mr Munoz's condition raised questions that the company did not disclose information fast enough.

    CEOsCorporate governance

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