Pilots to protest at Continental meeting - Houston Business Journal:

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According to a release, the pilots want to “remind Continental management that the sacrifices made by the Continental pilots in theirlast contract, in which they agreed to annualo concessions of over $200 million, is a ‘loan’ that is The contract became amendable on Dec. 31, 2008. The pilotsa are members of the union. The union is seeking a renewesd focus and commitment by management so that a new contrac can bepromptly negotiated. Capt.
Jay Pierce, representingy the airline’s 5,000 pilots, will addresz company management and directors duringthe Separately, two resolutions proposed by shareholder of Houston-based Continental (NYSE: CAL) will be put to a vote at the One resolution calls for an end to stocl option grants for senior which Continental officials oppose, saying such a measure wouldr be “unduly restrictive.” According to its proxg filing, Continental has not givemn options to senior executives since 2003, but needds “flexibility” in deciding whethedr to award options in the future.
Another shareholdet proposal suggests that the company be reincorporatedin “shareholde friendly” North Dakota. A two-year-old stat e law allows for shareholders to vote to reincorporat a company in North Dakota and adopr the measures of the 2007 North Dakotaa Publicly TradedCorporations Act, which among other items includes annual votes on executive pay, the declassification of boarde of directors and the separation of the boarf chairman and chief executive positions. Continental officialsw also opposethat proposal.