FIRST AIRED: May 23, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 2

×

Transcript

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