Summary Elliott Investment Management suggests new board members for Southwest Airlines for better performance. The 10 candidates proposed by Elliott have extensive industry experience. Southwest previously came up with a "poison pill" plan to prevent Elliott from gaining more shares in the company.
Another layer has been added to the fight between Southwest Airlines and Elliott Investment Management about how the carrier should be run. The investment firm has now suggested sweeping changes to the airline’s board, nominating the names of 10 candidates, who it feels will bring much more to the table due to their extensive industry experience. Elliott Investment Management wants new board members Elliott Investment Management L.
P. (Elliott) has announced its intention to shake up Southwest Airlines ’ existing board by endorsing 10 new candidates it deems better suited for the positions. Elliott has not minced words in the past to criticize the way Southwest is run and its poor performance in recent years.
The firm released a statement that said, “When nominated, these Candidates would give shareholders a choice between the Company's existing Board, which has delivered poor returns for shareholders and has not held management accountable for Southwest's unacceptable performance, or a new Board that brings relevant expertise, fresh thinking and accountability.” Who are the 10 candidates? Elliott has said that a lot of thought has gone into selecting the 10 candidates for .