Overview

• Elliott Management threatens a proxy fight to replace Southwest's leadership, citing poor financial results.
• The investor holds an 11% stake and opposes the board's 'poison pill' strategy to limit shareholder influence.
• Elliott argues that the board's recent actions, including appointing a new director, are attempts to entrench current management.
• Shareholder and employee feedback supports Elliott's call for significant leadership changes.
• Southwest has not yet responded to Elliott's latest demands for board reconstitution and a new CEO search.