Southwest Airlines is facing a significant proxy battle as Elliott Investment Management pushes for substantial changes within the company. The CEO of Southwest has described this as 'a battle for the heart of our company,' indicating the high stakes involved. Longtime executives at Southwest are rallying support to block Elliott's attempts, highlighting the internal resistance to the proposed changes.
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Ultra-progressive outdoor-nerd co-op @REI thought they were finally a barometer of culture and not a lifestyle brand. They welcomed unionizing. And ignored operational creep. https://t.co/Jzjfgr5jCH After layoffs, employees are discovering it is a business.
San Antonio activist investor Sardar Biglari may be heading for 7th proxy fight with Cracker Barrel https://t.co/Zfr8sYWgvR