UNITED STATES NEWS

Southwest shakes up board after coming under pressure from big shareholder

Sep 10, 2024, 4:58 AM

A Southwest Airlines Boeing 737 passenger jet sits at a gate at the Tulsa International Airport Sat...

A Southwest Airlines Boeing 737 passenger jet sits at a gate at the Tulsa International Airport Saturday, June 15, 2024, in Tulsa. (AP Photo/Charles Rex Arbogast)
Credit: ASSOCIATED PRESS

(AP Photo/Charles Rex Arbogast)

Southwest Airlines will revamp its board and its chairman will retire next year, but it intends to keep CEO Robert Jordan after a meeting with hedge fund Elliott Investment Management, which has sought a leadership shakeup at the airline including Jordan’s ouster.

Southwest said Tuesday that six directors will leave the board in November and it plans to appoint four new ones, who could include candidates put forward by Elliott.

Elliott, the fund led by billionaire investor Paul Singer, has built a 10% stake in recent weeks and advocated changes it says will improve Southwest’s financial performance and stock price. The two sides met Monday.

Shares of Southwest Airlines Co. rose slightly before the opening bell Tuesday.

United States News

FILE - Candidate Tina Peters speaks during a debate for the state leadership position Saturday, Feb...

Associated Press

Former Colorado county clerk Tina Peters to be sentenced for voting data scheme

A former Colorado county clerk and one-time hero to election conspiracists is set to be sentenced Thursday for leading a data-breach scheme inspired by the rampant false claims that voting fraud altered the result of the 2020 presidential race. A jury found Tina Peters guilty of most charges against her in August for orchestrating the […]

23 minutes ago

A male tarantula looks for a mate on the plains near La Junta, Colo., Friday, Sept. 27, 2024.(AP Ph...

Associated Press

Spider lovers scurry to Colorado town in search of mating tarantulas and community

LA JUNTA, Colo. (AP) — Love is in the air on the Colorado plains — the kind that makes your heart beat a bit faster, quickens your step and makes the hair on the back of your neck stand up. It’s tarantula mating season, when male spiders scurry out of their burrows in search of […]

25 minutes ago

Associated Press

How Black leaders in New York are grappling with Eric Adams and representation

NEW YORK (AP) — It wasn’t a shock to many Black New Yorkers that Mayor Eric Adams has surrounded himself with African American civil rights leaders, clergy and grassroots activists since his indictment last week on federal bribery charges. Adams, a Brooklyn native who rose from the city’s working class to its highest political office, […]

29 minutes ago

Associated Press

Middle East latest: Israeli strike kills at least 6 in Beirut as foreign nationals evacuate

At least six people were killed in an Israeli airstrike on an apartment building in Beirut overnight, Lebanon’s Health Ministry said, as governments around the world scrambled to evacuate their citizens from the country. Israel was pursuing a ground incursion into Lebanon against Hezbollah while conducting strikes in Gaza that killed dozens, including children. The […]

59 minutes ago

Denise Wieck and her son Guy Boyd, who was shot in the eye with a ghost gun, pose in Ypsilanti, Mic...

Associated Press

The flood of ghost guns is slowing after regulation. It’s also being challenged in the Supreme Court

WASHINGTON (AP) — Guy Boyd was hanging out with friends he had known for years in Ann Arbor, Michigan, on the night an accidental gunshot tore into his head. The high schoolers were too young to buy guns legally, but federal and state laws didn’t apply to the gun parts kit his best friend bought […]

1 hour ago

Bud Stoddard, a regional church leader, holds a rendering of the temple planned by The Church of Je...

Associated Press

Mormon faith pushes ahead with global temple building boom despite cool reception in Las Vegas

LAS VEGAS (AP) — A historic building boom of big, bright Church of Jesus Christ of Latter-day Saints temples — beacons to the faithful with steeples pointing heavenward around the world — is meeting resistance in some parts of the U.S., including one place not really known for moderation. In Las Vegas, just a 30-minute […]

1 hour ago

Sponsored Articles

...

Sanderson Ford

Sanderson Ford joining Arizona Diamondbacks during playoff race

The Arizona Diamondbacks are in the thick of the 2024 MLB playoff race and Sanderson Ford is going along on the ride with them.

...

Day & Night Air Conditioning, Heating and Plumbing

It wouldn’t hurt to get your AC checked after Arizona’s excruciating heat wave

A well-maintained air conditioning unit is vital to living a comfortable life inside, away from triple-digit heat in Arizona.

...

Midwestern University

Midwestern University Clinic visits boost student training & community health

Going to a Midwestern University Clinic can help make you feel good in more ways than one.

Southwest shakes up board after coming under pressure from big shareholder