A Southwest Airlines plane about to take off at Dallas Love Field airport in Dallas on Wednesday, Jan. 4, 2023.Activist investor Elliott Investment Management is calling out another North Texas company by acquiring a major stake to put pressure on leadership:Elliott Investment Management has nearly a $2 billion investment in the Dallas-based airline, one of the largest investors in the company with an 11% stake. The firm sent a letter to Southwest’s board on Monday.
The activist investment firm believes Southwest needs to step it up and gives three recommendations: enhance the board, upgrade leadership and undertake a business review.
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