00:00It's Benzinga, and here's what's on the block.
00:02Elliott Investment Management initiated a proxy battle against Southwest Airlines on
00:07December 10.
00:08The activist firm seeks to replace eight board members proposing new candidates like former
00:13Ryanair and Virgin America executives.
00:16Elliott aims to improve Southwest's leadership and performance following years of underperformance.
00:21Southwest's board criticized the move and called it disruptive, especially during a
00:25key travel season.
00:27Elliott holds an 11 percent stake and argues that stronger oversight is necessary for the
00:31airline's future.
00:32For all things money, visit Benzinga.com.
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