Southwest's Executive Chair, Other Board Members Leave as Elliott Pushes Change

Key TakeawaysSouthwest Airlines' former CEO and current Executive Chair Gary Kelly and several board members announced they will be stepping down.The moves came as Elliott Investment Management puts pressure on executives to make significant changes to the airline.Kelly told shareholders it was "the time for change." Southwest Airlines (LUV) shares fell in intraday trading Tuesday as the carrier facing pressure from activist investor Elliott Investment Management announced the exit of its former Chief Execu ...