Leaders of Southwest Airlines are set to explain how they plan to remodel the airline to change with consumer tastes - and maybe keep their own jobs.
It's unclear whether the changes will work, but they could leave an airline that bears little resemblance to Southwest over the last 50 years.
Elliott wants to fire Chairman Gary Kelly and CEO Robert Jordan and replace two-thirds of Southwest's board, showing serious pressure for structural change.
Despite its demand that heads roll, Elliott has said it wants to work with Southwest to improve the company's financial results.
#southwest-airlines #corporate-governance #investor-relations #elliott-investment-management #airline-industry
Collection
[
|
...
]