Reported about 1 month ago
Elliott Investment Management has secured a 10% stake in Southwest Airlines, enabling the hedge fund to call for a special meeting aimed at discussing leadership changes. This move comes just before a scheduled meeting on September 9, where Elliott, a prominent activist investor, will push for the ousting of CEO Robert Jordan and Executive Chairman Gary Kelly. Elliott's actions are part of broader concerns about Southwest's declining stock value, which has dropped nearly 50% over the past three years.
Source: YAHOO