Elliott Management Pushes for Leadership Overhaul at Southwest Airlines

Activist investor criticizes board's actions and calls for new directors amid financial underperformance.

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.