Elliott Investment Management calls for overhaul at Southwest Airlines

Elliott Investment Management has confronted Southwest Airlines with the demand for an extraordinary general meeting. This news gained attention through reports from Bloomberg News, citing well-informed sources. The hedge fund has launched a campaign to dismiss airline CEO Bob Jordan and other senior executives. The allegations claim that those responsible are accountable for the company's inadequate performance. Elliott aims for Southwest to fundamentally change its approach to daily operations and plans to replace two-thirds of the 15 members of the board of directors. An immediate statement from Elliott and Southwest regarding these developments is currently still pending.