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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,
In Depth
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.
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.
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.
1h
on MSN
Southwest Airlines tells staff 'difficult decisions' ahead in push to boost profits
Southwest Airlines' COO told staff that the company will have to make "difficult decisions" to boost the carrier's profits.
1d
Southwest Airlines warns staff of 'tough decisions' ahead, Bloomberg reports
Southwest Airlines has warned employees that it will soon make tough decisions as part of a strategy to restore profits and ...
1d
Southwest Airlines warns of ‘difficult decisions’ to restore profits
Steps Southwest Airlines has already announced, including ditching a 50-year history of not assigning seats, offering a ...
13h
What's Behind The 10% Fall In Southwest Airlines Stock?
Southwest Airlines’ revenue grew from $15.8 billion in 2021 to just $26.1 billion in 2023, driven by a recovery in travel demand post pandemic. Southwest Airlines’ revenue passenger miles (RPM) grew ...
12d
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 ...
20d
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.
1h
Southwest Airline Warns of 'Tough Decisions' Ahead
The faltering airline's leadership is preparing a series of cost-cutting measures to counter an activist investor's attempt ...
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