United Continental Shareholders Turn to Bethune to Lead RevoltBy
After years of seeing United Continental struggle, two hedge funds have begun an insurrection against the airline’s board — and have turned to a well-regarded figure from the company’s past to lead the charge.
In picking Gordon M. Bethune, who as chief executive of Continental during the 1990s led that company’s last turnaround, as one of six director nominees announced on Tuesday, the investors are hoping to highlight what they argue are continued operational problems at one of the country’s biggest airlines…
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