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,
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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.
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. The activist investor told members of the carrier’s top union that despite a board refresh and efforts by Southwest (LUV) to appease Elliott,
Activist still wants Southwest CEO gone, union says
Elliott Investment Management still wants to replace Southwest Airlines Co. Chief Executive Officer Bob Jordan, according to a union official, suggesting changes the carrier has already promised aren’t enough to satisfy the activist shareholder.
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 Chairman Gary Kelly to retire, under pressure from activist Elliott
Southwest Airlines on Tuesday announced changes to its board including the retirement of its Chairman Gary Kelly, but reiterated its support for CEO Bob Jordan amid calls for a shakeup from activist investor Elliott Investment Management.
Activist Elliott Still Wants Southwest CEO Gone, Union Says
Elliott Investment Management still wants to replace Southwest Airlines Co. Chief Executive Officer Bob Jordan, according to a union official, suggesting changes the carrier has already promised aren’t enough to satisfy the activist shareholder.
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 ...
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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 ...
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Gary Kelly and six of Southwest’s board members to resign at Elliott’s behest
Pressure from Elliott Investment Management has forced change at Southwest Airlines, which is now planning a major overhaul ...
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 ...