Southwest Airlines CEO Bob Jordan is working to gain investor support while buckling down for a proxy fight as activist hedge fund Elliot Investment seeks to oust him and two-thirds of the board of directors, Taylor Herzlich of The New York Post reports. “If it’s a fight they want, it’s a fight they will get,” Jordan said, according to a memo sent to employees seen by Reuters. Jordan told staffers he met with investors on the East and West Coast over the past few weeks and also has meetings with union officials, sources told Reuters.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Southwest shareholder Artisan Partners issues statement on board candidates
- Elliott adds Southwest, exits Peabody in Q2
- Southwest comments on Elliott’s plan to replace majority of board
- Activist Elliott Preps for Proxy Battle with Southwest Airlines
- Elliott Management confirms to nominate ten new Board directors at Southwest