Activist investors question United Airlines CE's board

The two hedge funds that launched a boardroom fight with United Continental Holdings last week oppose the airline’s plans to give CE Oscar Munoz the additional role of chairman and have concerns about his compensation, according to a person familiar with the matter. The funds, PAR Capital Management Inc and Altimeter Capital Management LP, Tuesday described United’s performance as “inexcusable” and asked shareholders to consider 6 new directors for the company’s board, including former Continental Airlines chief Gordon Bethune. They are expected to lay out more specific claims about the company in coming weeks that address what they believe are the causes of the airline’s low customer satisfaction scores and its sagging stock, down almost 14% in the past 12 months. <br/>