Activist investor Elliott takes Southwest fight to shareholders, nominates eight directors
LUVSouthwest Airlines(LUV) New York Post·2024-10-14 23:47

Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new director candidates who would ultimately steer company strategy.In calling for the meeting, Elliott is taking a highly unusual step but one it has telegraphed for weeks after concluding recent changes made by the carrier fall short of ensuring real improvements.Southwest, which has a market capitalization of $18.45 billion, did not immediately respond ...