Elliott Management Southwest Seeks Better Governance at Southwest Airlines

Elliott Management Southwest is pushing for better governance at Southwest Airlines.

Elliott Management, a hedge fund led by billionaire Paul Singer, owns a significant stake in Southwest Airlines.

Elliott Management's stake in Southwest Airlines gives them substantial influence over the company's direction.

Elliott Management has been critical of Southwest Airlines' governance structure, citing a lack of accountability and transparency.

The hedge fund is seeking changes to the airline's board of directors and executive leadership to improve its overall performance.

Elliott Management is a significant player in the world of corporate governance, and their involvement in Southwest Airlines is a prime example of this. They have a combined economic exposure of approximately 11% in Southwest Airlines.

Elliott Management has made it clear that they are not satisfied with the current state of Southwest's governance and are pushing for change. They have proposed electing an independent, qualified slate of director nominees to hold executive leadership accountable and improve company results.

The investment firm has proposed eight new director candidates for Southwest Airlines' Board, each with impressive backgrounds and experience in the industry. These candidates include Michael Cawley, the former deputy CEO, COO and CFO of Ryanair, and David Cush, the former CEO of Virgin America.

Elliott Management has also called on Southwest to confirm the December 10, 2024 meeting date and announce a reasonable record date without defensive maneuvers. This is a crucial step in ensuring that shareholders have a say in the company's future.

Here are the eight new director candidates proposed by Elliott Management:

Elliott Management's proposal to elect these new directors and remove eight current Southwest directors is a significant move that could shape the company's future. The investment firm holds a combined economic exposure of approximately 11% in Southwest Airlines.