Southwest Settles Proxy Fight With Hedge Fund As Third-quarter Profit Shrinks

David Koenig, Chicago Tribune: Business
Fri, 10/25/2024 - 8:57am

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.

Topics: elliott investment management chairman gary kelly nov elliott-backed chevron paul singer june ceo robert american airlines virgin ceo david cush westjet ceo gregg saretsky cnbc southwest plans icelandair north john pike xu spirit airlines wall street excluding fort worth texas-based dallas-based southwest southwest airlines co airlines group inc dallas southwest a southwest southwest airlines elliott elliott ceo jordan ceo america factset revenue fight hedge fund third-quarter profit board million seats analysts share cents thursday rose items billion announced flight labor special members results attendants officials accountable hold contract earnings settlement year stock investor fell costs shareholder loss month shares expected beat

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Southwest Airlines settles boardroom feud with activist investor Elliott
Southwest Airlines and its activist investor Elliott Investment Management ended a bitter months-long boardroom battle on Thursday in a deal that allows CEO Bob Jordan to retain his job by making ...
10/24/2024 - 10:08 pm | View Link
Southwest settles proxy fight with hedge fund as Q3 profit shrinks
Southwest Airlines CEO Robert Jordan managed to survive the shakeup, but faces pressure to improve the company’s financial performance.
10/24/2024 - 11:20 am | View Link
Wall St. ends day on a mixed note; Southwest's proxy fight comes to a close
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Southwest settles proxy fight with hedge fund and reports smaller third-quarter profit
Southwest said Chairman Gary Kelly and six current board members will depart Nov. 1, to be replaced by candidates backed by Elliott Investment Management.
10/24/2024 - 8:18 am | View Link
Southwest settles proxy fight, reports smaller profit
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 Inv ...
10/24/2024 - 7:54 am | View Link
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Southwest Settles Proxy Fight With Hedge Fund As Third-quarter Profit Shrinks

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