( ) -q-24- UNDATED (Correspondent Jeremy House) “on December tenth.” The second largest shareholder of Southwest Airlines is calling for special meeting of shareholders to vote on its slate of eight new directors, which would represent a majority of the struggling airline’s board. [CutID: <Cuts> SOUTHWEST-ELLIOTT-house-q-TUEam.mp3 Time: 24s Title: SOUTHWEST-ELLIOTT-house-q-TUEam Out-cue: on December tenth] TAG: […]
Audio
Hedge fund Elliott calls for Southwest shareholders to vote on slate of directors
( ) -q-24- UNDATED (Correspondent Jeremy House) “on December tenth.”
The second largest shareholder of Southwest Airlines is calling for special meeting of shareholders to vote on its slate of eight new directors, which would represent a majority of the struggling airline’s board.
[CutID: <Cuts> SOUTHWEST-ELLIOTT-house-q-TUEam.mp3
Time: 24s
Title: SOUTHWEST-ELLIOTT-house-q-TUEam
Out-cue: on December tenth]
TAG: Correspondent Jeremy House reporting.
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VERBATIM: Elliott Management, which has been highly critical of Southwest in recent months, is pushing for leadership changes and an overhaul of the company’s strategy. Southwest has responded by making some changes, but not enough to appease the fund, which is led by billionaire investor Paul Singer. The hedge fund recently acquired a stake of 11% in the struggling airline and has called for the meeting to be held on December tenth.