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George II

(67,782 posts)
Sat Dec 3, 2016, 04:03 PM Dec 2016

United pays $2.4 million 'Chairman's Flight' fine

Source: NorthJersey.com (The Record)

Paul Berger , Staff writer, @pdberger 12:55 p.m. EST December 3, 2016

United Airlines' parent company has been fined $2.4 million by the Securities and Exchange Commission for setting up a money-losing flight to curry favor with the former chairman of the Port Authority of New York and New Jersey.

The CEO of United Continental Holdings, Jeff Smisek, and two senior colleagues resigned last year in the wake of an internal company probe into the route, set up in 2012 between Newark and an airport in South Carolina close to former Port Authority Chairman David Samson’s second home.

The SEC, which regulates publicly traded companies, said that the route lost $945,000 for the airline by the time it ended, when Samson stepped down from the agency in March 2014.

Andrew Calamari, director of the SEC’s New York office, said in a statement: “United initiated a money-losing flight solely to curry favor with a public official, and failed to reflect in its books and records a fair and accurate depiction of the rationale behind the decision and its projected financial impact.”

Read more: http://www.northjersey.com/story/news/2016/12/02/united-airlines-chairmans-flight-fine/94828194/



Let's hope this doesn't end here. The stench from New Jersey republican politicians is repulsive.
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United pays $2.4 million 'Chairman's Flight' fine (Original Post) George II Dec 2016 OP
Can we get Andrew Calamari to go after trumpo? pangaia Dec 2016 #1
pocket change Eugene Dec 2016 #2
True. But it's formally on the record now that there were shenanigans going on.... George II Dec 2016 #3
he,he, give the guy a little time off his sentence if he sings about Christie wordpix Dec 2016 #4
This, among other reasons bluevoter4life Dec 2016 #5
The Stench from MOST Republican Pols is Repulsive kebob Dec 2016 #6

Eugene

(61,595 posts)
2. pocket change
Sat Dec 3, 2016, 04:22 PM
Dec 2016

United got their $35 million dollar hangar.
I doubt they will be hurting about an
additional $2.4 million.

George II

(67,782 posts)
3. True. But it's formally on the record now that there were shenanigans going on....
Sat Dec 3, 2016, 04:25 PM
Dec 2016

...between the Christie administration and United.

wordpix

(18,652 posts)
4. he,he, give the guy a little time off his sentence if he sings about Christie
Sat Dec 3, 2016, 04:45 PM
Dec 2016

you know that old song? Samson up to his eyeballs in NJ corruption

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