Paul Singer’s Elliott Management Gears Up for Leadership Shakeup at Southwest Airlines

Hedge fund mogul Paul Singer’s Elliott Investment Management has officially accumulated enough shares of Southwest Airlines to start pushing for a leadership shakeup inside the struggling airline. Elliott and Southwest’s leadership team have scheduled a “special meeting” on Sept. 9, Reuters reported this week. A “special meeting” allows shareholders to vote on issues typically reserved for annual meetings, such as electing board directors and making key leadership changes. The New York-based activist fund...