Articles tagged “gerstner”

United Airlines Close to Accepting Board Overhaul Demanded by Activist Investors

United Airlines Close to Accepting Board Overhaul Demanded by Activist Investors

Julie Johnsson and Michael Sasso, Bloomberg

From outward appearances it seemed as though the activist investors were a long-shot in succeeding as most of the unions were against them. But with a 7% stake in the airline and years of travel industry expertise Altimeter and PARS got the ears of the right people on the board and other investors. And they had a good point.

3 years ago

United Proxy Fight Waged by Online Travel Veterans, Ex-Continental CEO

United Proxy Fight Waged by Online Travel Veterans, Ex-Continental CEO

Dennis Schaal, Skift

United's lack of leadership on its board, as well as a shallow executive bench, was an issue before former CEO Jeff Smisek was forced out in October. Outside of Munoz' appointment to the CEO position, that picture hasn't changed since then.

3 years ago

Investor and Room 77 Founder on the Travel Startup Dilemma

Dennis Schaal, Skift

Room 77 will keep innovating and has a great product. In the big picture it won't face the thankless task of competing against the big brands forever because one of those huge players will undoubtedly end up acquiring it. Hipmunk has similar challenges, and prospects.

5 years ago

The New $75 Million Venture Fund That Will Invest Heavily in Travel Startups

Dennis Schaal, Skift

Altimeter Capital's new venture capital fund won't be exclusively devoted to travel startups, but expect to see it making news along the lines of Concur's larger Perfect Trip Fund, which indeed concentrates on travel.

6 years ago