What is Elliott Investment Management, the activist investor involved with Southwest Airlines?
From AT&T and Texas Instruments to NRG and the government of Argentina, when activist investor Elliott Management picks a fight, it rarely loses.“clear strategic rationale” of AT&T operating a wide range of divisions from TV and movie studios to satellite TV offerings, demanding changes that included selling its DirecTV satellite business and Mexican wireless operations.
“I would say that they’re pretty good at getting what they want,” Carrick said. “I don’t think that, at the end of this, they’re going to walk away and Southwest is going to be unchanged.”to Bill and Melinda Gates and Warren Buffett’s Giving Pledge, where the world’s richest people pledge to give away more than half their fortune.As of June 30, Elliott manages approximately $69.
“Contrary to the company’s statements, Elliott is not seeking control of Southwest,” the hedge fund wrote in a July letter.disclosing its $2.5 billion stake, blaming the company for lagging stock market returns and overspending on massive capital projects.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementA hedge fund that's been urging Southwest Airlines to dump its CEO and chairman says it has acquired enough of the company's stock to call a special meeting of shareholders. The move gives Elliott Investment Management more leverage in its proxy fight heading into a meeting with Southwest officials next week.
Read more »
Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementA hedge fund that's been urging Southwest Airlines to dump its CEO and chairman says it has acquired enough of the company's stock to call a special meeting of shareholders.
Read more »
Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementA hedge fund that's been urging Southwest Airlines to dump its CEO and chairman says it has acquired enough of the company's stock to call a special meeting of shareholders.
Read more »
Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementElliott Investment Management has acquired enough of the company’s stock to call a special meeting of shareholders.
Read more »
Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementElliott Investment Management has acquired enough of the company’s stock to call a special meeting of shareholders.
Read more »
Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementElliott Investment Management has acquired enough of the company’s stock to call a special meeting of shareholders.
Read more »