Southwest Airlines Bends To Activist Investor, Restructures Board
The carrier’s concessions will avert a proxy fight in exchange for naming six new directors. Notably, Southwest CEO Bob Jordan will keep his job.
Southwest Airlines reaches settlement with Elliott, adds new directors to board
Southwest Airlines has given in to demands from Elliott Investment Management after months of an ongoing battle and agreed to restructure board leadership in a new settlement.
Southwest Airlines activist investor group deal adds six board members, CEO stays
Southwest Airlines Thursday reached an agreement with activist investor Elliot Investment Management to head off a proxy battle.
Activist Investor Elliott Wins Southwest Board Seats Amid Feud
The airline gave the activist a significant presence on its board but not the majority control the hedge fund initially sought.
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.
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 firm seeking control over the struggling airline.
Southwest Airlines reaches deal with activist investor Elliott, avoids proxy fight
Southwest Airlines ended a bitter boardroom battle with Elliott Investment Management on Thursday in a deal that will put half a dozen new directors on the carrier's board to oversee its planned turnaround.
Southwest Airlines Names New Independent Directors in Agreement with Elliott Investment
Southwest Airlines named six new directors to the board as part of an agreement reached with activist investor Elliott Investment Management. The airline appointed David Cush, Sarah Feinberg, Dave Grissen,
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Southwest Airlines names new directors, enters agreement with management firm
The Dallas-based airline announced six new independent directors after facing months of pressure from investment management ...
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Southwest settles proxy fight with hedge fund and reports smaller Q3 profit. American loses money
Airline industry officials say that has begun to improve as airlines cut their schedules for the rest of the year.
Southwest Airlines Shows Lower Fuel Cost, Low Consumption in 3Q
In the third quarter, Southwest used 562 million gallons of fuel, which is 0.9% lower than the 557 million gallons used in the same quarter a year ago. "Southwest Airlines Shows Lower Fuel Cost, Flat ...
Southwest Airlines Executive Chairman Gary Kelly retires early, Board announces new members
Kelly's retirement and Southwest's appointment of six new board members follow mounting pressure from hedge fund Elliot ...
Southwest Airlines revenue rises but Q3 profit falls by two-thirds on higher costs
Southwest Airlines revenue rises but Q3 profit falls by two-thirds on higher costs.
Southwest Airlines beats on revenue by a wide margin, names new board members
Southwest reported a relatively big revenue beat and reached an agreement with activist investor Elliott to add new board ...
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Southwest Airlines Co LUV
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Additional early voting sites to open in suburban Cook County starting Monday
While early voting started at some locations in suburban Cook County earlier this month, that will be expanded next week to ...