Southwest Airlines (LUV) Comments on Elliott Management's Intent to Change Board
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Avtivist investor Elliott seeks to replace 10 Southwest Airlines board members
August 14, 2024 10:27 AM EDTOn Wednesday, Elliott Investment Management, which holds an 11% interest in Southwest Airlines (NYSE: LUV), announced its intention to nominate ten independent candidates to replace a majority of the airline's board of directors.
This move follows the activist investor's criticism of Southwest's current board, which it claims has failed to hold management accountable for the airline's declining performance.
Elliott's nominees include four former airline CEOs and other experts with experience in technology, hospitality, labor relations,... More
