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The Latest Breaking News from Elliott

Can Southwest CEO Bob Jordan keep activists at bay?

Earlier this month, chairman Gary Kelly told shareholders he would retire next year amid pressure from hedge fund Elliott Management.

Fortune

Southwest stock surges 10% as airline presents turnaround plan

The changes come two days after Elliott threatened to call a special meeting as it tries to push CEO Bob Jordan out.

Fortune

Southwest Airlines Faces Major Overhaul Amid Investor Pressure

Southwest Airlines is making strategic changes, including discontinuing open seating and potential introduction of bag fees, in response to financial chall...

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Southwest Airlines 'Succession'-style investor battle takes first victims

The airline announces a major change.

The Street

Southwest shakes up board after coming under pressure from big shareholder

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to keep CEO Robert Jordan after a meeting with hedge fund Elliott Investment Management, which has sought a leadership shakeup at the airline including Jordan’s ouster

The Independent UK

Elliott, unlike Thames Water’s board, sees the inevitability of debt writedowns

Hedge fund’s reported purchase of £1bn of bonds at a big discount suggests growing realism about company’s future

The Guardian - UK

Analyst resets Southwest stock price target on revenue initiatives

This is what could happen next to Southwest Airlines shares.

The Street

Nvidia’s results will be ‘the most important tech earnings in years,’ predicts tech bull Ives

On Wednesday, investors will find out whether bulls like Dan Ives or bears like Elliott Management are right about AI demand when the chipmaker updates the market.

Fortune

Former United Airlines CEO: Activist investors are wrong about Southwest. Running an airline requires more than just financial acumen

'Replacing executives at this critical juncture could disrupt the momentum and stability that Southwest needs to implement changes,' writes Oscar Munoz.

Fortune

Southwest Airlines' Succession-style boardroom battle

An activist investor in the airline has been making bold announcements.

The Street

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Kiplinger

Stock Market Today: Dow Gains 242 Points After Encouraging CPI Data

The Nasdaq Composite ended flat, though, as Alphabet sold off on more regulatory woes.

Kiplinger

Southwest Gears Up for Proxy Fight With Elliott Investment

Elliott Investment is seeking major changes at Southwest Airlines, including several board seats. Here's what a proxy battle could mean.

Fortune

Ousted Starbucks CEO will get millions on the way out

The coffee chain hasn’t disclosed outgoing CEO Laxman Narasimhan’s termination agreement, but he has millions on the table to smooth his exit.

Top News

Elliott Investment Management Launches Proxy Fight With Southwest Airlines

Elliott Investment Management challenges Southwest Airlines' board due to performance issues, proposing significant changes.

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news in one place.

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Tom’s Hardware

Firm says Nvidia's skyrocketing AI valuation is in a 'bubble' and 'overhyped' — Elliott says AI apps are not viable

Elliot Management follows Sequoia Capital's assessment that AI is overhyped, which makes Nvidia's stock a bubble.

Fortune

Nvidia: Tech stocks take a pounding as hedge fund Elliott warns AI is in ‘bubble land’

Intel suffers its single biggest one-day drop in decades, as sentiment sours amid overextended valuations and a darkening economic outlook.

The Street

Southwest Airlines' major investor is still mad

The investment firm recently acquired a $1.9 billion stake.

Fortune

Southwest's Gary Kelly is fighting off an activist bid with a poison pill after piloting the airline through COVID

Elliott Management is seeking to oust CEO Bob Jordan and Kelly after disclosing a $1.9 billion stake.

The Independent UK

Southwest Air adopts 'poison pill' as activist investor Elliott takes significant stake in company

Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company

Kiplinger

Stock Market Today: Stocks Close Higher Ahead of Fed, May CPI

Monday was a quiet session for the main indexes but this week's Fed meeting and a key inflation update could create fireworks.

The Independent UK

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO

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