Reported 11 months ago
Activist investor Elliott Investment Management has called for leadership and board changes at Southwest Airlines following the disclosure of a $1.9 billion stake in the company, criticizing the current leadership for disappointing financial performance amidst strong travel demand. Elliott proposed new leadership from outside the company to drive better financial results. Southwest Airlines' shares surged 7% after the news, with Elliott aiming for a significant increase in stock value through strategic changes in leadership and board composition.
Source: YAHOO