Elliott Investment Management, a hedge fund urging Southwest Airlines to dump its CEO and chairman, said Tuesday it has acquired enough of the company’s stock to call a special meeting of shareholders.
Elliott has proposed a slate of 10 candidates, including former CEOs of other airlines, for Southwest’s 15-member board.Elliott Investment Management says it now has control of the required 10% of shares in Southwest Airlines needed to call a special shareholder meeting. Alexandra Skores with the Dallas Morning News tells us more
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Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementA hedge fund that's been urging Southwest Airlines to dump its CEO and chairman says it has acquired enough of the company's stock to call a special meeting of shareholders. The move gives Elliott Investment Management more leverage in its proxy fight heading into a meeting with Southwest officials next week.
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Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementA hedge fund that's been urging Southwest Airlines to dump its CEO and chairman says it has acquired enough of the company's stock to call a special meeting of shareholders.
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Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementA hedge fund that's been urging Southwest Airlines to dump its CEO and chairman says it has acquired enough of the company's stock to call a special meeting of shareholders.
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