Elliott Management, a Southwest Airlines 11% shareholder, criticizes the airline's board, pushes for leadership changes, and threatens a proxy fight.
Elliott Management, a major Southwest Airlines shareholder, has criticized the airline's board as "out of touch" and called for changes in business practices. The activist investor has an 11% stake in Southwest and is pushing for new leadership, including the removal of CEO Bob Jordan and executive chairman Gary Kelly, citing poor performance and a failing corporate culture. If the board does not change its approach, Elliott Management has threatened a proxy fight.
July 08, 2024
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