United faces battle with irked investors over board seats
By SCOTT MAYEROWITZ, Associated Press
Published: March 13, 2016, 6:05am
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NEW YORK — United Continental Holdings faces a battle with disgruntled shareholders over the direction of the company just as its CEO returns from a five-month absence during which he received a heart transplant.
In a surprise move Tuesday morning, Altimeter Capital Management and PAR Capital Management made a public pitch to add six of their own nominees to the board.
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