11% stakeholder Elliott Management calls for special shareholder meeting on Dec 10 to elect 8 new directors at Southwest Airlines, aiming to replace current leadership.
Elliott Management, holding an 11% stake in Southwest Airlines, is pushing for a special shareholder meeting on December 10 to elect eight new directors, potentially ousting current leadership. The hedge fund criticizes Southwest's failure to adapt to customer preferences and modernize technology. Elliott's proposed directors include former executives from Virgin America and Air Canada, seeking changes to improve the airline's performance amid ongoing struggles.
October 14, 2024
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