In “Southwest Airlines Bends to Activist Investor, Restructures Board” (Forbes, 24 October 2024), Lisa Silverman comments on the latest development in the battle between Southwest and activist hedge fund investor Elliott Investment Management. The months-long pressure campaign has led to a settlement by Southwest, with the carrier averting a proxy fight by agreeing to name six new directors. The victory was not a surprise to most: “You don’t ignore Elliott, period, end of discussion,” Lisa said. “Because bad things happen when you ignore Elliott.”
Read the article in Forbes.
