Elliott ‘entrenched’ in demanding board control: Southwest

Southwest Airlines has hit back at activist investor Elliott Investment Management after the firm called for a Special Meeting of Shareholders to elect eight new director candidates. 

In response, Southwest Airlines said on October 14, 2024, that the meeting was “unnecessary and inappropriate considering the extreme nature of Elliott’s demands”.  

Under Elliott’s proposed plans, also published on October 14, 2024, the investor demanded the removal of eight Southwest directors and the election of eight of its own candidates.  

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