Elliott Investment Management Pushes for Overhaul at Southwest Airlines

Activist firm nominates 10 candidates for board seats, aiming to replace leadership and revamp business model.

Elliott Investment Management holds an 8.2% stake in Southwest Airlines and aims to increase it to 10% to call a special meeting.
The firm has proposed a slate of 10 board candidates, including former airline CEOs and experts in various fields.
Elliott criticizes current Southwest leadership for poor performance and lack of accountability.
Southwest has announced changes like assigned seating and premium options but Elliott deems these efforts insufficient.
The proxy fight could lead to significant shifts in Southwest's strategy and leadership.