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>Southwest’s changes come after months of pressure from activist Elliott Investment Management. The firm took a stake in the airline last year and won five boar
by duxup 2y ago
>Southwest’s changes come after months of pressure from activist Elliott Investment Management. The firm took a stake in the airline last year and won five board seats as it pushed for quick changes at the company, which held on for decades — until now — to perks like free checked bags, changeable tickets and open seating.
Is this just a short term thing for them? Invest, squeeze customers for some good quarters and take profits?
I could understand larger topics but board members pushing granular changes / decisions seems like an inherently bad idea.
- BeetleB 2y agoAlso worth noting: The person - who did the forecast showing Southwest would lose more money than what baggage fees will bring in because they'll leave to other airlines - was fired. I was a loyal customer. No more.
- toomuchtodo 2y agoBased on the material results of the Tesla boycott, perhaps Southwest customers can come together to boycott the airline until Elliot divests and moves on. > I was a loyal customer. No more. Same.