Overview

• 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.