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Southwest CEO resists hedge fund’s pressure to resign

Posted on AllSides June 12th, 2024
From The Left

DALLAS-- The CEO of Southwest Airlines said Wednesday he will not resign in the face of pressure from a hedge fund that wants him fired and that his leadership team will produce its own plan to improve the airline's financial performance. Chief Executive Officer Robert Jordan said Southwest will present its plan in September. He declined to give specifics, but again hinted that it could include changes in the airline's longstanding boarding and seating policies. Elliott Investment Management notified Southwest's board Monday that it bought a $1.9 billion stake in...

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