mr. munozad a heart transplant. coming back to work next week. >> not a way to welcome someone back. talk about a business where activists have a long and storied history including big names we talk about all the time. >> i will tell you, this gets to me. how did united do three years, 94%. s&p, 29%. how did united do over the last two years? 20%. s&p, 6.6%. i would kill for this performance. do you know how many companies i have now that i follow that are down? why can't they go after somebody who didn't have a heart transplant. >> there was a lot of frustration with the airline. >> they have a new guy. >> they got a new guy. he came in and unfortunately got very sick. now he's better. >> welcome back. out of here. what the heck? how about ale little empathy. >> this is business. >> i have hyman roth here. >> it's not personal. >> this is ridiculous. this is a good stock, getting better. oscar is terrific. i knew him for a long time. he did a great job at csx. these activists -- do you know wh

. >>> welcome back, mr. munozys ago, oscar munoz returned to work five months after suffering a heart attack and undergoing a full-on heart transplant. and how was his return celebrated? with an activist battle, that's how. good to have you back, chief! hope you're feeling better. enjoy the proxy fight. that's why on march 8th, a couple of days after we learned that munoz was coming back to work, a pair of activist investors, altimeter capital management and park capital management, who own 7.1% of continental universal, launched a proxy contest with the goal of electing six of their own board members. the launch of this proxy contest begs the question, do these activists have a point, or is this just unnecessary saber rattling by malcontents. first, let me just say, right or wrong, these activists could have waited a couple of weeks. i think this is a new low. you don't time the announcement of your proxy fight with the news that your ceo is coming back to work after having suffered a heart transplant. i'm callin

mr. munozds help in learning aviation and how it works. >> he was a board member for ten years. >> don't learn anything on the board. you earn things about doing stuff. >> you don't learn anything by being on the board but the board is at fault. >> unless it's out there loading bags and flying airplanes and scheduling and those things that make an airline run. >> mhe says there's no reason i should be number four. united comes back and says we have 2.5 in free cash flow and buying back billion and a half stock, on track to achieve goals and cost savings, bill and kelly, this will fight on for a while. nobody expects they are going to get six seats necessarily, that would seem to be a pretty about ask. but we will see how it ends up as it relates to mr. bethune. >> i'm not sure the board will hold a party welcoming him after those comments. >> let's bring in phil lebeau. you don't have to read between the lines to hear he doesn't think oscar mun oz knows how to run an airline. what's the history