Top Southwest shareholder signals support for Elliott activist campaign
Artisan Partners(APAM) CNBC·2024-06-12 18:48
Southwest Airlines CEO Bob Jordan speaks as he is interviewed by CNBC outside the New York Stock Exchange on Dec. 9, 2021.A top Southwest Airlines shareholder on Wednesday signaled its support for Elliott Management's activist campaign to oust CEO Bob Jordan and executive chairman Gary Kelly, as the carrier struggles with underperformance compared with some of its rivals.Artisan Partners' Daniel O'Keefe and Michael McKinnon said in a letter to Southwest's board that the firm noted Elliott's Monday campaign ...