Articles tagged “activist investors”

This isn't just about money – it's a power struggle over a troubled member's club brand.

Southwest had a rough going over the past few months, but CEO Bob Jordan says he has a plan. The Southwest experience may not look too different from other airlines.

Elliott Investment Management, which has a $2 billion activist stake in Southwest, was highly critical of the airline’s revenue forecast cut for the second quarter.

Southwest's cut in revenue guidance for the current quarter comes just three weeks after a vocal activist investor called for big changes at the airline.

Jordan’s comments come just days after Elliott took a nearly $2 billion stake in Southwest, making it one of the airline’s largest investors.

Southwest said it is confident in its strategy and leadership team as Elliott is pushing for the airline to replace its CEO and chairman.

In a letter to Southwest's board of directors, Elliot said it wanted a new CEO at the airline, along with other major changes.

The activist investor Maguire has raised fair points that Yatra has taken too long to hire a chief financial officer and to hold board elections. But otherwise, CEO Dhruv Shringi and the management team have led the company well.

A few months ago, activist investor Elliott Management took Amadeus rival Travelport private. Elliott also happens to be the largest shareholder of Whitbread, the parent company of Premier Inn. That hotel chain has now dropped its contract with Amadeus for software services. Coincidence?