Proxy Fight Overview
Southwest Airlines is preparing for a proxy battle with activist investor Elliott Investment Management. This move has created volatility for its shares. Elliott plans to nominate 10 directors to Southwest's 15-member board, as reported by The Wall Street Journal. Notable nominees include David Cush, former CEO of Virgin America, and Sarah Feinberg, a former federal transportation regulator. Elliott is also advocating for the replacement of CEO Bob Jordan and Executive Chairman Gary Kelly.
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