In the Margins

United Continental settles board fight

April 20, 2016

By The Wall Street Journal

United Continental Holdings Inc. and two big investors have settled a fight over the makeup of the airline's board of directors. United will appoint two directors chosen by PAR Capital Management Inc. and Altimeter Capital Management LP to its board, and a mutually agreed-upon third director will be named in the coming months. Also, United will name Robert Milton, a former Air Canada chief executive, as non-executive chairman. Read the original story from The Wall Street Journal.