Reported about 6 hours ago
Elliott Investment Management has initiated a special shareholder meeting request at Southwest Airlines, marking its first proxy fight in the U.S. since 2017. Scheduled for December 10, the meeting aims to secure votes on eight director nominees proposed by Elliott, targeting changes in the airline's leadership following years of perceived underperformance. Elliott holds an 11% stake in Southwest, emphasizing the urgent need for enhanced oversight as the company seeks to improve its financial results.
Source: YAHOO