United CEO gives up 2017 bonus; chairman stepping down
United Airlines CEO Oscar Munoz, who was criticized for his initial response to a passenger being violently dragged off a plane, says he gave up his 2017 bonus.
Munoz’s compensation, mostly in stock awards, fell to $ 9.6 million in 2017 from $ 18.7 million the year before. United Continental Holdings Inc. detailed it in a securities filing Monday.
United also said Chairman Robert Milton is stepping down and the board will pick a new independent chairman.
Unruly passenger tased, removed from Chicago- bound American flight
MIAMI— Police repeatedly used a stun gun as they struggled to remove an American Airlines passenger accused of touching a female passenger without her permission.
A Miami- Dade police report said the flight crew told officers they tried to move 28- year- old Jacob Garcia of Chicago to another seat, but he continued to be unruly, screaming and insulting the woman and her boyfriend. Police then asked Garcia to leave Flight 2446, which was waiting to take off from Miami to Chicago, but he refused.
Passenger videos show police zapping the man as they struggled to get him off the plane. He kept asking why they were removing him.
Garcia faces disorderly conduct and other charges. Jail records don’t list an attorney.
Takeover deal for Lake Forest’s Akorn hits the skids
BERLIN— Germany’s Fresenius and U. S.- based pharmaceutical manufacturer Akorn Inc. are at odds over the German company’s decision to terminate a more than $ 4.3 billion takeover agreement, citing alleged breaches of data integrity requirements.
Fresenius said Sunday it would terminate the year- old deal to acquire Akorn, based in north suburban Lake Forest, Illinois, citing its “failure to fulfill several closing conditions.”
Akorn replied that it “categorically disagrees” with Fresenius’ accusations and intends “to vigorously enforce our rights, and Fresenius’ obligations, under our binding merger agreement.”