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Elliott Investment Management now holds 10% of Southwest Airlines' common stock, crossing the threshold that allows the hedge fund to call a special meeting at the carrier, according to a person ...
Seeing a turnaround opportunity, Elliott Management, an activist hedge fund with an 11% stake in the $18 billion airline, launched an aggressive campaign earlier this year to push out CEO Bob ...
Starbucks shares, which had fallen about 18% year-to-date during a broader stock market rally, jumped 20% on the news. ... or to sell off assets or to replace management. For Elliott, which was ...
Elliott Investment Management L.P. is an American investment management firm. It is also one of the largest activist funds in the world. [4]It is the management affiliate of American hedge funds Elliott Associates L.P. and Elliott International Limited.
Elliott Management, which has been highly critical of Southwest in recent months, is pushing for leadership changes and an overhaul of the company’s strategy. “Absent a thorough reconstitution ...
Paul Elliott Singer (born August 22, 1944) is an American hedge fund manager, activist investor, and the founder, president, and co-CEO of Elliott Management. [1] [2] [3] As of March 2024, Forbes estimated his net worth at US$6.1 billion. [4] Fortune described Singer as one of the "smartest and toughest money managers" in the hedge fund ...
Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals.. The stake makes ...
Southwest CEO Bob Jordan is “all about execution” on the airline’s turnaround efforts after surviving the airline’s bitter battle with activist investor Elliott Investment Management.