Reported 21 days ago
Activist investor Elliott Investment Management has reiterated its demand for the ouster of Southwest Airlines CEO Robert Jordan in a memo to the Aircraft Mechanics Fraternal Association. Despite Southwest pledging to overhaul its board, Elliott, which owns 10% of the airline's shares, insists that Jordan and Executive Chairman Gary Kelly should not remain in their positions. Elliott is actively seeking to rally support from the airline's unions for its campaign while Southwest struggles to navigate post-pandemic challenges.
Source: YAHOO