( ) -q-29- UNDATED (Correspondent Jeremy House) “and Ireland’s Ryanair.” Hedge fund Elliott Management is escalating its fight against the management of Southwest Airlines. [CutID: <Cuts> SOUTHWEST-ELLIOTT-house-q-WEDam.mp3 Time: 29s Title: SOUTHWEST-ELLIOTT-house-q-WEDam Out-cue: and Ireland’s Ryanair] TAG: Correspondent Jeremy House reporting. ————————– VERBATIM: Elliott says it plans to nominate 10 candidates for Southwest’s 15-member board of […]
Audio
Elliott seeks 10 of the 15 board seats at Southwest
( ) -q-29- UNDATED (Correspondent Jeremy House) “and Ireland’s Ryanair.”
Hedge fund Elliott Management is escalating its fight against the management of Southwest Airlines.
[CutID: <Cuts> SOUTHWEST-ELLIOTT-house-q-WEDam.mp3
Time: 29s
Title: SOUTHWEST-ELLIOTT-house-q-WEDam
Out-cue: and Ireland’s Ryanair]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: Elliott says it plans to nominate 10 candidates for Southwest’s 15-member board of directors. Elliott accuses Southwest’s management and board of not acting strongly enough to reverse deteriorating financial results and a drop in the stock price. Elliott’s intended slate for the Southwest board includes former CEOs of Air Canada, Canadian low-cost carrier WestJet and Virgin America, as well as former senior executives at JetBlue and Ireland’s Ryanair.