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Activist investor Elliott threatens Southwest with board fight

Activist investor Elliott Investment Management warned Monday of a possible proxy fight to force changes in management at low-cost carrier Southwest Airlines. in Letter to Southwest’s Board of DirectorsElliott said it was open to cooperation but planned to “move expeditiously to engage shareholders directly to provide input on any necessary management changes.” Elliott, known for […]

Southwest Airlines CEO says no plans to step down despite pressure from activist Elliott

See what’s clicking on FoxBusiness.com Southwest Airlines CEO Bob Jordan said Wednesday he has no plans to resign, despite pressure from activist Elliott Investment Management. Jordan, who has been the company’s CEO since February 2022, made the comments on Wednesday while speaking to reporters following an industry event. Jordan has faced sharp criticism from Elliott, […]