Southwest Airlines reaches settlement with Elliott, restructures …
Oct 24, 2024 · Southwest Airlines has reached a settlement with activist investor Elliott Investment Management after months of negotiations.
SOUTHWEST AIRLINES RESPONDS TO ELLIOTT …
Sep 25, 2024 · Elliott's attempt to disrupt the Investor Day and failure to offer any feedback or suggestions on Southwest's transformational plan reveals that Elliott continues to value public attacks and seizing control of the Company over the airline's future and all …
Elliott Sends Letter and Presentation to the Board of Southwest Airlines
Jun 10, 2024 · Elliott's letter asserts that the Company's failure to modernize is underscored by Southwest's December 2022 operational meltdown, which stranded more than two million travelers over the...
SOUTHWEST AIRLINES COMMENTS ON ELLIOTT …
Oct 14, 2024 · For Elliott's part, its latest framework for settlement reflects its continuing interest in seeking effective control of both the Board and management, including by installing Robert Milton, former CEO of Air Canada and a member of Elliott's Board slate, as …
Southwest Airlines Agrees to Board Changes After Pressure From Elliott
Sep 10, 2024 · Southwest Airlines on Tuesday announced an overhaul of its board of directors, including the planned departure of its executive chairman, Gary Kelly, after a meeting with a hedge fund that has...
An investment firm has taken a $1.9 billion stake in Southwest Airlines ...
Jun 10, 2024 · DALLAS (AP) — Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.
Elliott Sends Letter to the Board of Southwest Airlines - PR …
Jul 8, 2024 · According to the letter, the feedback Elliott has received is overwhelmingly consistent with its perspective that the Company's performance is unacceptable and leadership change is required to...
Southwest Airlines adopts 'poison pill' after Elliott pushes for ...
Jul 3, 2024 · Southwest Airlines adopted a so-called "poison pill" to deter Elliott Investment Management from raising its stake in the carrier after the activist investor called for leadership changes...
Southwest Airlines Lays Out Overhaul, and Stock Gains
Sep 26, 2024 · Southwest Airlines announced a three-year plan on Thursday to revitalize its operation and customer offerings as it defends against an activist investor calling for new leadership and a...
Southwest Airlines shakes up its board under ... - Associated Press News
Sep 10, 2024 · Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan in a partial concession to hedge fund Elliott Investment Management, which has been pushing for changes at the airline including Jordan’s ouster.
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