Southwest CEO to keep job after bitter boardroom battle with hedge fund Elliott
The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber
Why a hedge fund made a podcast about a shake-up it's pushing for at Southwest Airlines
Elliott Investment Management built up an 11% stake in Southwest and is seeking a top-level shake-up.
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 bigger board-level concessions.
Southwest Strikes a Truce With the Activist Hedge Fund Elliott
The airline will appoint six new directors to its board, avoiding a proxy fight with the activist investor Elliott Investment Management, one of its largest shareholders.
Elliott, Southwest Said to Near Settlement to Avert Board Battle
Elliott Investment Management and Southwest Airlines Co. are nearing a settlement that would avoid a proxy fight for control of the carrier’s board, according to people familiar with the matter.
Elliott, Southwest Airlines near deal to avert board battle, Bloomberg News reports
Elliott Investment Management and Southwest Airlines are close to reaching a settlement agreement that would avert a proxy battle over control of the airline's board, Bloomberg News reported on Wednesday,
Southwest settles proxy fight with hedge fund
Chairman Gary Kelly and six current board members will depart Nov. 1 and be replaced by five Elliott-backed candidates and a former Chevron executive.
Southwest Airlines reaches settlement with Elliott, adds new directors to board
Southwest Airlines has given in to demands after months of an ongoing battle with activist investor Elliott Investment Management and agreed to restructure board leadership in a new settlement. Longtime CEO and executive chairman Gary Kelly and six directors will accelerate their retirements to Nov.
Southwest and activist investor Elliott strike deal to keep Bob Jordan as CEO, add six new directors
Southwest Airlines and Elliott Management are near a settlement which will stave off a proxy fight at the carrier, a person ...
Skift1d
Southwest Appoints 6 New Directors, CEO Bob Jordan Hangs On in Deal With Elliott
The appointment of the new directors ends Southwest’s months-long battle with Elliott, which was poised to turn into a proxy ...
Activist Investor Elliott Wins Southwest Board Seats Amid Feud
Southwest Airlines struck a truce with Elliott Investment Management, giving the activist a significant presence on its board ...
Southwest CEO Bob Jordan: Elliott deal is good for our shareholders
Bob Jordan, Southwest Airlines CEO, joins CNBC's 'Squawk on the Street' to discuss Southwest's deal with Elliott Investment Management, the company's third-quarter results, and more.
Flightglobal22h
Southwest’s board overhaul continues with six new directors and Gary Kelly’s ‘accelerated’ retirement
In a settlement with minority stakeholder Elliott Investment Management, Southwest Airlines is appointing six new directors ...
Southwest Airlines threw in the towel in its fight against activist investor Elliott
Southwest Airlines (LUV) reached a settlement with activist investor Elliott Investment Management, ceding six board seats to ...
The Business Journals28d
Southwest Airlines unveils 'transformational plan' as CEO Bob Jordan fights to keep his job
CEO Bob Jordan and other C-suite executives presented a plan to turn Southwest Airlines' financial performance around as they fight to keep their jobs amid pressure from an activist investor.
Southwest reaches deal with Elliott Management, Q3 results beat expectations
Southwest Airlines (NYSE:LUV) has surrendered its early morning gains tied to Q3 results as investors react to the news that ...
Dallas Morning News3d
Southwest Airlines talks truce with Elliott after major policy tweaks
It called for strategy and leadership changes at the carrier after what it saw as years of underperformance, pointing the finger squarely at CEO Bob Jordan and Chairman Gary Kelly. Kelly has since ...