In “‘Too Little, Too Late’: Activist Investor Elliott Still Wants Southwest CEO Out” (Forbes, 26 July 2024), Lisa Silverman, senior managing director at K2 Integrity, provides insights on Elliott Investment Management’s push for leadership changes at Southwest Airlines. The article, written by Suzanne Rowan Kelleher, delves into Elliott’s critique of Southwest’s recent business model changes and its demand for new leadership.
Lisa comments on Elliott’s strategic financial maneuvers, explaining the nature of their economic interest in Southwest. She notes, “Elliott has disclosed that it has more than a billion dollars in economic interest in the company, but that doesn’t necessarily mean stock. It could be bonds. It could be the rights to buy stock. It could be all sorts of alternative investments that are not purely stock.”
Read the full article in Forbes.
