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Published 1 month ago

Elliott Takes Big Stake in Southwest Airlines

  • Elliott Management, an activist hedge fund, has acquired a $1.9 billion stake in Southwest Airlines and intends to advocate for leadership changes due to the airline's decline compared to competitors.
  • Southwest has transitioned from a top-tier airline to one of the worst performers, prompting Elliott's call for CEO and chair replacements with external candidates.
  • The activist expressed dissatisfaction with Southwest's strategies and leadership, resulting in substantial shareholder losses, decreased stock value, and calls for leadership alterations.
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