Activist Elliott Urges Southwest Airlines' Mechanics Union To Push For CEO Robert Jordan's Removal And Wants Board Chair Gary Kelly To Depart Sooner Than Planned
Portfolio Pulse from Benzinga Newsdesk
Activist investor Elliott is urging Southwest Airlines' mechanics union to push for the removal of CEO Robert Jordan and for Board Chair Gary Kelly to depart sooner than planned, according to a union memo.
September 17, 2024 | 8:08 pm
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Elliott Management is pressuring Southwest Airlines' mechanics union to advocate for the removal of CEO Robert Jordan and an earlier departure for Board Chair Gary Kelly. This could lead to leadership changes at Southwest Airlines.
Elliott Management's push for leadership changes at Southwest Airlines could create uncertainty and instability, potentially affecting investor confidence and stock performance negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90