In the ongoing battle between Southwest and Elliott Investment Management, the activist investor has sent an open letter to the airline’s shareholders. The letter, signed off by partner John Pike and portfolio manager Bobby Xu, attacked Southwest CEO Bob Jordan and executive chairman Gary Kelly for “years of mismanagement”. They added: “The company’s stock price has fallen to the depths that it reached during the COVID-related travel shutdowns in 2020.” Jordan had said in a staff memo, seen by Reuters, that the fight against Elliott was a “battle for the heart of the company”. Elliott aims to elect 10 members to

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