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 to keep CEO despite Elliott’s call of ‘inadequate’ management
Southwest Airlines’ stock fell Tuesday, after the air carrier expressed confidence in Chief Executive Bob Jordan’s leadership, despite calls from activist investor Elliott Investment Management L.P. that management was “inadequate.
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.
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 Warns of ‘Difficult Decisions’ to Restore Profits
Southwest Airlines Co. has warned employees that it will announce some tough decisions in coming days under a plan to restore ...
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 ...
Crain's Chicago Business11d
Southwest Airlines chairman to step down amid Elliott battle
Southwest Airlines Co. Chairman Gary Kelly is stepping down along with six directors, a dramatic move after the carrier faced calls for a strategic overhaul from activist investor Elliott ...
Dallas Innovates8d
Dallas’ Southwest Airlines Announces Transformation of its Board Amid Pressure from Investor
Southwest said that investor Elliott Investment Management LP was invited to participate in refreshment efforts and other ...
Southwest Airlines shakes up board after coming under pressure from big shareholder
Hedge fund Elliott Investment Management blames Southwest’s management for the airline’s stock price dropping by more than ...