Reported about 2 months ago
Elliott Investment Management has urged Southwest Airlines investors for a leadership overhaul, pushing for the establishment of a new board committee to drive transformational change. The hedge fund has expressed readiness for a proxy fight while seeking discussions with the company regarding its significant challenges. Elliott, which owns about 8% of Southwest's shares, criticized the current management for prioritizing their control over shareholder interests, and it plans to propose ten new director candidates to revamp the airline's board.
Source: YAHOO