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Southwest settles proxy fight with hedge fund
Southwest settles proxy fight with hedge fund as Q3 profit shrinks
Southwest Airlines CEO Robert Jordan managed to survive the shakeup, but faces pressure to improve the company’s financial performance.
Southwest settles proxy fight with hedge fund
Chairman Gary Kelly and six current board members will depart Nov. 1 and be replaced by five Elliott-backed candidates and a former Chevron executive.
Southwest settles proxy fight with hedge fund and reports smaller Q3 profit. American loses money
Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending — at least for now — a monthslong fight with Elliott Investment Management, which is pressuring the airline to boost profits and the stock price.
Southwest settles proxy fight, reports smaller profit
Southwest Airlines reached a settlement with an activist investor by agreeing to overhaul its board, ending — at least for now — a monthslong fight with Elliott Inv
Southwest settles proxy fight with hedge fund and reports smaller third-quarter profit
Southwest said Chairman Gary Kelly and six current board members will depart Nov. 1, to be replaced by candidates backed by Elliott Investment Management.
Southwest Airlines, Elliott
Southwest Airlines Ends Feud With Activist Investor Elliott
Southwest Airlines struck a truce with Elliott Investment Management, giving the activist a significant presence on its board but not the majority control the hedge fund initially sought. The settlement announced Thursday deflects a potentially rancorous proxy fight and ends the acrimonious four-month battle over whether Southwest’s management is capable of pulling the airline out of a funk.
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 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.
7h
on MSN
Southwest Airlines Beats on Earnings. The Fight With Activist Investor Elliott Is Over.
Southwest Airlines posted third-quarter profit well above Wall Street’s expectations and revealed that it had struck a deal ...
5h
on MSN
Southwest CEO to keep job after bitter boardroom battle with hedge fund Elliott
The agreement came as the carrier reported a surprise third-quarter profit, benefiting from improved pricing and demand, as ...
1h
on MSN
Southwest Airlines plans to speed up its turnaround — literally
After weathering recent turbulence, Southwest Airlines (LUV) reported $67 million in third-quarter net income Thursday on ...
2h
Southwest settles proxy fight with hedge fund as Q3 profit shrinks. American loses money
American Airlines posted a loss of third-quarter loss of $149 million Thursday, weighed down by paying bonuses to flight ...
11h
on MSN
Southwest settles proxy fight with hedge and reports smaller Q3 profit. American loses money
Southwest Airlines is reporting that third-quarter profit fell nearly two-thirds from a year ago despite an increase in revenue ...
1d
Southwest Airlines Has Announced Big Changes — Here Is What To Expect
Southwest Airlines’ new “Southwest. Even Better.” three-year plan will build upon its original business model but provide ...
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