Southwest Airlines CEO Bob Jordan told reporters in Washington that he does not intend to resign as the company faces pressure from activist Elliott Investment Management, Reuters’ David Shepardson reports. “We want to understand what their ideas are, they may have great ideas,” Jordan said. “At the end of the day, we are going to treat Elliott like any other investor. We’ll sit down and listen to them…. Southwest is a great company. We have a great plan and will execute.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Elliott Investment’s $2B Stake Sparks Strategic Dialogue with Southwest (NYSE:LUV)
- Southwest comments onf presentation from Elliott Investment Management
- Early notable gainers among liquid option names on June 10th
- Unusually active option classes on open June 10th
- Elliott confirms $1.9B Southwest stake, thinks shares can hit $49
