Elliott Management Intensifies Push for Leadership Overhaul at Southwest Airlines

The hedge fund criticizes current management's defensive tactics and proposes significant board changes to address ongoing challenges.

Elliott Management is advocating for the replacement of Southwest's CEO Bob Jordan and Executive Chairman Gary Kelly.
The hedge fund has nominated 10 new directors, including industry veterans, to join Southwest's board.
Elliott has criticized Southwest's recent changes as insufficient and accused the airline of using entrenchment tactics.
Southwest has adopted a poison pill strategy to fend off Elliott's influence.
The hedge fund aims to initiate a comprehensive business review to drive transformational change.