Elliott Investment Management has now acquired a 10% ownership of Southwest Airlines, it said in a filing late on August 30, 2024. The activist investor now has a large enough stake to call for a special meeting. Elliott is pushing for changes in Southwest’s management, aiming to appoint 10 members to Southwest’s board of 15 members. Southwest CEO Robert Jordan said he would work with staff to restore the airline’s performance. The airline deployed a poison pill in July to fend off against the investor, placing barriers against an entity from acquiring over 12.5% stake in the company. Southwest filed

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