Activist investor threatens Southwest Airlines with board fight: ‘Profoundly out of touch'

Activist investor Elliott Investment Management on Monday warned of a proxy fight to push for leadership changes at budget carrier Southwest Airlines.In a letter to Southwest’s board, Elliott said while it is open to collaboration, it plans to “move expeditiously to give shareholders a direct say on the necessary leadership changes.”Southwest did not immediately respond to a request for comments.Elliott, known for pushing changes to boost shareholder returns, has called for a reconstitution of Southwest’s b ...