Elliott, Southwest Airlines
Elliott still wants Southwest Airlines CEO Bob Jordan out, union says
Southwest Airlines CEO Bob Jordan and executive chairman Gary Kelly would be long gone by now if one vocal activist investor had its way, one of the airline’s unions told members this week. “... Elliott advised that its preference would be for board chair Gary Kelly to exit his position sooner than the announced departure at next spring’s shareholder meeting,
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Exclusive: Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says
Activist investor Elliott Investment Management told one of Southwest Airlines' top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board.
Elliott Management wants Southwest CEO out
Elliott Management wants Bob Jordan out as Southwest Airlines ( NYSE: LUV) CEO and executive chairman Gary Kelly to leave sooner than planned, according to a memo viewed by Reuters.
Southwest Airlines Petition To Stop Elliott's Influence Receives Over 700 Signatures
Its creator slammed the head of the investment management company for dismantling companies and profiting off short-term gains.
Southwest Airlines Agrees to Board Changes After Pressure From Elliott
The airline has been under pressure from the hedge fund Elliott to replace its top management and make other changes to increase its profits.
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Exclusive: Elliott now owns enough of Southwest Airlines to call special meeting
Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting at the carrier, according to a person familiar with the matter.
Southwest Airlines: Elliott Still Trying Too Hard
Elliott Investment Management is pushing for significant changes at Southwest Airlines including a new board to improve shareholder returns. Click for this LUV stock update.
Southwest Airlines shakes up its board under pressure from a big shareholder
Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert ...
Southwest Airlines chairman Gary Kelly to step down amid investor pressure
Responding to pressure from Elliott Investment Management, Southwest Airlines said its chairman Gary Kelly will retire next ...
Southwest Airlines chairman to retire, 6 board members to resign after push from major shareholder
DALLAS – Southwest Airlines will revamp its board of directors, and longtime Chairman Gary Kelly will retire next year, the ...
Southwest Airlines’ stock rises after activist investor Elliott ups its stake
Elliott now holds enough stock to call a special shareholder meeting ahead of a Sept. 9 sit-down with management.