financetom
Business
financetom
/
Business
/
Elliott requests special meeting with Southwest Airlines, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Elliott requests special meeting with Southwest Airlines, Bloomberg News reports
Oct 17, 2024 2:38 PM

Oct 14 (Reuters) - Elliott Investment Management has

informed Southwest Airlines ( LUV ) that it is requesting a

special shareholder meeting, Bloomberg News reported on Monday,

citing people with knowledge of the matter.

The hedge fund has launched a campaign to oust the carrier's

CEO, Bob Jordan, and other top executives, blaming them for the

company's underperformance.

It wants Southwest ( LUV ) to change the way it runs its business

and has laid out plans to replace two-thirds of the board's 15

directors.

Elliott and Southwest ( LUV ) did not immediately respond to

Reuters' requests for comments.

(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shinjini

Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Meta Platforms' Threads Reportedly Testing Private Messaging Feature
Meta Platforms' Threads Reportedly Testing Private Messaging Feature
Jun 10, 2025
01:34 PM EDT, 06/10/2025 (MT Newswires) -- Meta Platforms' ( META ) Threads is testing a new feature that will allow users to send direct messages within the app, multiple news outlets reported Tuesday, citing Chief Executive Mark Zuckerberg. Threads will reportedly start testing the private messaging feature this week, with users in Hong Kong, Thailand and Argentina getting a...
Shell's decision on Phase 2 of LNG Canada will depend on other opportunities, exec says
Shell's decision on Phase 2 of LNG Canada will depend on other opportunities, exec says
Jun 10, 2025
CALGARY (Reuters) -Shell Canada's decision on whether to pursue Phase 2 of LNG Canada will depend on other opportunities that are available, President Stastia West said on Tuesday at a conference. LNG Canada, the country's first LNG export facility, is a joint venture between Shell, Petronas, PetroChina, Mitsubishi Corporation ( MSBHF ) and Kogas. It is expected to ship its...
Boeing books 303 new orders, hits 737 MAX production target in blockbuster May
Boeing books 303 new orders, hits 737 MAX production target in blockbuster May
Jun 10, 2025
* Qatar Airways in deal for most widebody jets in Boeing ( BA ) history * Boeing ( BA ) delivers 45 aircraft in May, nearly double from last year * Paris Air Show due to start next Monday (Adds details about Qatar order, paragraph 4) By Dan Catchpole SEATTLE, June 10 (Reuters) - Boeing ( BA ) heads into...
Copyright 2023-2026 - www.financetom.com All Rights Reserved