News Formal

Investment firm Elliott takes US$1.9-billion stake in Southwest Airlines, is seeking to oust CEO

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 13 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 172%
  • Publisher: 66%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

In a letter to the airline’s board, the investment firm complained that Southwest’s stock price has dropped more than 50% in the last three years

and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.In a letter to Southwest’s board, the investment firm complained that Southwest’s stock price has dropped more than 50 per cent in the last three years.

“Poor execution and leadership’s stubborn unwillingness to evolve the Company’s strategy have led to deeply disappointing results for shareholders, employees and customers alike,” the investment firm said in the letter, dated Monday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Texas Instruments gets $2.5B investment from ElliottTexas Instruments (TXN) has received a $2.5 billion investment from Elliott Investment Management. However, Elliott's investment extends beyond just...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »