Elliott to call for Southwest special meeting 'as soon as next week'
Publishing timestamp: 2024-09-24 16:43:03
Summary
Activist investor Elliott Management plans to call a special meeting at Southwest Airlines to elect new directors sooner than the scheduled shareholder meeting in May. Elliott is seeking to oust CEO Bob Jordan and Executive Chairman Gary Kelly, while Southwest has criticized Elliott's approach to change at the airline. Southwest recently announced major changes to its business model, including ditching open seating for assigned seats and offering seats with more legroom.
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