00:00It's Benzinga, and here's what's on the block.
00:02Southwest Airlines is undergoing a significant board overhaul to boost financial performance
00:07and stock price.
00:09Longtime chairman Gary Kelly will retire next year.
00:12Six directors are stepping down in November, and four new ones, possibly including candidates
00:16from Elliott Investment Management, are being appointed.
00:19Elliott, which holds a 10% stake, has criticized Southwest's management and technology as Southwest's
00:24profitability lags behind competitors.
00:26For all things money, visit Benzinga.com.
00:30For more information, visit www.benzinga.com.
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