Activist Elliott said in a letter to Southwest’s board that shareholders and stakeholders were supportive of its campaign, and that it would seek a vote…
Elliott told Southwest's board that, barring a dramatic change in attitude, it would seek to give shareholders a"direct say" in effecting leadership change at the struggling airline.
Elliott is seeking the ouster of CEO Bob Jordan and executive chairman Gary Kelly, citing the airline's underperformance and stagnation.said it remained open to collaboration, but that the board had taken steps to box Elliott out. The activist is seeking the ouster of CEO Bob Jordan and executive chairman Gary Kelly, citing underperformance and a failing corporate culture.
Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers The activist described the poison pill as"a shield for failure and a sword for nothing except the fees of advisers" which highlighted a core tenet of its case for change. Elliott considers insular management culture averse to outside thinking.
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