Elliott Investment Management, owning 11% of Southwest Airlines, launches a podcast advocating for a new CEO and board due to poor performance.

Elliott Investment Management, which owns 11% of Southwest Airlines, has launched a podcast to sway shareholders in favor of a leadership change. The firm is advocating for a new CEO and board, citing poor performance, with the airline's stock down nearly 50% over five years and passenger numbers below pre-pandemic levels. Elliott blames current CEO Bob Jordan and chairman Gary Kelly for this decline and has called for a shareholder vote on its board nominees.

October 21, 2024
18 Articles