Comment on Southwest settles proxy fight with hedge fund as third-quarter profit shrinks

Southwest settles proxy fight with hedge fund as third-quarter profit shrinks

DALLAS — Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending — at least for now — a monthslong fight with Elliott Investment Management, which is pressuring the airline to boost profits and the stock price. Chairman Gary Kelly and six current board members will depart Nov.

 

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