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00:00:00
nnat United continental saying Tuesday it CEO is stepping down a surprise announcement the world's second largest airline that is connected to a federal probe , Reuters airlines correspondent Alan god has the details federal government is looking into the spotlight , that United started to a South Carolina which , appeared to accommodate David Sampson , the former chairman of the Port Authority of New York New Jersey , and there is an implication there that there were some kind of quid pro quo Stanton resigned in early twenty fourteen from the Port Authority because of a conflict of interest and he had been under a cloud , because of his ties to Bridgegate that's been tied to governor Christie of New Jersey , so the federal government was , looking into that and United started its own internal investigation , back in February and now this was all resulted in some connection with , I just might like the CEO of United and prompting his resignation along with , two other senior people who were involved in communications and government affairs for United , the major leadership shake up comes just one month after United's chief financial officer left the airline for a job at PayPal and god said all of those departures lead to investor anxiety the airline that there's no financial impact no impact on operations at Newark or an , or else , but of course it raises concern when you have so much management turnover CFO SCO gone within a month , shares of United dropped almost three percent in after hours trading