Activist hedge fund Elliott slams Southwest CEO Bob Jordan as shares soar 7%
Southwest Airlines(LUV) New York Post·2024-09-27 04:27
Activist hedge fund Elliott Investment Management on Thursday blamed Southwest CEO Bob Jordan for the airline’s sagging fortunes — hours after the embattled carrier raised its outlook for profits and revenue.Elliott, led by billionaire Paul Singer, reaffirmed its intent to call a special meeting to oust the current board and encouraged shareholders to confirm their ability to vote on all of their shares ahead of the meeting.“Why is Mr. Jordan – who has delivered years of unacceptable financial results and, ...