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Elliott, Southwest Airlines

Elliott still wants Southwest Airlines CEO Bob Jordan out, union says

Southwest Airlines CEO Bob Jordan and executive chairman Gary Kelly would be long gone by now if one vocal activist investor had its way, one of the airline’s unions told members this week. “... Elliott advised that its preference would be for board chair Gary Kelly to exit his position sooner than the announced departure at next spring’s shareholder meeting,

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Reuters · 5d

Exclusive: Activist Elliott tells Southwest Air mechanics it still wants CEO's ouster, memo says

Activist investor Elliott Investment Management told one of Southwest Airlines' top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board.

The New York Times · 12d

Southwest Airlines Agrees to Board Changes After Pressure From Elliott

The airline has been under pressure from the hedge fund Elliott to replace its top management and make other changes to increase its profits.

Seeking Alpha on MSN · 5d

Elliott Management wants Southwest CEO out

Elliott Management wants Bob Jordan out as Southwest Airlines ( NYSE: LUV) CEO and executive chairman Gary Kelly to leave sooner than planned, according to a memo viewed by Reuters.

54mon MSN

Southwest Airlines tells staff ‘difficult decisions' ahead in push to boost profits

Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier ...

Southwest Airlines warns of ‘difficult decisions’ to restore profits

Steps Southwest Airlines has already announced, including ditching a 50-year history of not assigning seats, offering a ...

Southwest Airlines warns staff of 'tough decisions' ahead, Bloomberg reports

Southwest Airlines has warned employees that it will soon make tough decisions as part of a strategy to restore profits and ...

13don MSN

Southwest Airlines chairman Gary Kelly to step down amid investor pressure

Responding to pressure from Elliott Investment Management, Southwest Airlines said its chairman Gary Kelly will retire next ...

13don MSN

Southwest Airlines shakes up its board under pressure from a big shareholder

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert ...

13h

What's Behind The 10% Fall In Southwest Airlines Stock?

Southwest Airlines’ revenue grew from $15.8 billion in 2021 to just $26.1 billion in 2023, driven by a recovery in travel demand post pandemic. Southwest Airlines’ revenue passenger miles (RPM) grew ...

12d

Southwest Airlines chairman to retire, 6 board members to resign after push from major shareholder

DALLAS – Southwest Airlines will revamp its board of directors, and longtime Chairman Gary Kelly will retire next year, the ...

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