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United faces battle with unhappy investors over board seats

2016-03-08 18:32:19| Airlines - Topix.net

Saying they are fed up with poor performance at United Continental Holdings, two investment firms want to shake up the airline's board of directors and give a prominent role to the ex-CEO credited with saving Continental Airlines more than a decade ago. In a surprise move Tuesday morning, Altimeter Capital Management and PAR Capital Management made a public pitch to add six of its own nominees to the board.

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