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 Nachrichten

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.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 31. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »