Southwest Airlines Implements Shareholder Rights Plan in Response to Activist Elliott Management
Wednesday, 3 July 2024, 14:26
Southwest Airlines Implements Shareholder Rights Plan
Southwest Airlines has recently adopted a shareholder rights plan to safeguard its leadership team from activist investor Elliott Management's influence.
Protecting CEO Bob Jordan and Chairman Gary Kelly
- The targeted strategy, also known as a 'poison pill', aims to maintain stability within the company.
This defensive measure is a proactive move by Southwest Airlines to navigate shareholder activism effectively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.