DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Gary Kelly - 2 Kelly - 2 Elliott - 2 Bob Jordan - 2 Herb Kelleher - 1 Bob Fornaro - 1 Jordan - 1 Henry Harteveldt - 1
Top related locs:
Southwest Hollywood Burbank , California Dallas New York City , New York U.S Texas
Top related orgs:
Southwest Airlines - 2 Southwest - 2 Boeing - 2 Elliott Investment Management - 1 Dallas - 1 Texas - 1 Spirit Airlines - 1 U.S - 1

Search resuls for: "Leslie Josephs Rohan Goswami"


2 mentions found


☆ Southwest Chair Kelly to step down next year as activist Elliott pushes for changes at airline
  + stars: | 2024-09-10 | by ( Leslie Josephs Rohan Goswami | Leslie Josephs | Rohan Goswami | ) www.cnbc.com   time to read: +2 min
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Southwest Airlines said Tuesday that executive chairman and former CEO Gary Kelly will retire next year and announced a board shakeup, moves that come as the carrier faces pressure for changes by activist investor Elliott Investment Management. Elliott in June revealed a nearly $2 billion stake in Southwest, seeking to oust leadership, including CEO Bob Jordan, who has also spent nearly four decades at the carrier. Southwest has also brought in outside experts, including Bob Fornaro, former CEO of Spirit Airlines and AirTran, which Southwest acquired. Southwest has an investor day scheduled for Sept. 26 in Dallas to expand on these and other initiatives.
Persons: Gary Kelly, Kelly, Herb Kelleher, Elliott, Bob Jordan, Bob Fornaro Organizations: Southwest Airlines, Elliott Investment Management, Southwest, Dallas, Texas, Spirit Airlines, Boeing, U.S Locations: Hollywood, Burbank , California, Southwest, Dallas
☆ Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair
  + stars: | 2024-06-10 | by ( Leslie Josephs Rohan Goswami | Leslie Josephs | Rohan Goswami | ) www.cnbc.com   time to read: +5 min
A Southwest Airlines jet comes in for a landing at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals. Elliott said it intends to "pursue all available pathways to deliver the leadership changes" the activist believes Southwest needs. Jordan and Kelly have "presided over a period of stunning underperformance at" Southwest, Elliott said. In just the last few months, the activist has taken a $2.5 billion stake in semiconductor firm Texas Instruments , a $2 billion stake in Japanese conglomerate SoftBank and a $1 billion stake in mining concern Anglo American .
Persons: Elliott, Bob Jordan, Gary Kelly, Jordan, Kelly, Henry Harteveldt, Elliott's Organizations: Southwest Airlines, Laguardia, Elliott Management, Southwest, Delta Air Lines, United Airlines, CNBC, Atmosphere Research, Boeing, Crown, Texas Instruments Locations: New York City , New York, U.S, Southwest, Texas
0 next >>
Total: 2