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Southwest Airlines Community

Southwest turns to 'poison pill'

floridaguy
Aviator C

(copied from LinkedIn News)

 

Southwest Airlines says it has adopted a so-called "poison pill," or shareholder rights plan, in its efforts to fight o...oust the airline's leadership — gains at least 12.5% of the company. If that happens, all the other ...revealed last month that it had gathered a $1.9 billion stake in the airline, or about 11%. The pois...

 

  • Elliott has slammed Southwest for "poor execution" and a "stubborn unwillingness to evolve" that has driven its share price down more than 50% in three years.
  • The airline had already been mulling major changes to try and revive its business, such as adding premium seating.