Activist Investor pushing changes at SWA
06-13-2024 | 04:48 AM
#71
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From: 75/76 CA
https://crankyflier.com/2024/06/13/e...terposttitle-2
“With that knowledge, Elliott is trying to find the easiest way to turn Southwest into an ATM. It only has a little over 10 percent of the airline's shares, so it needs investor allies. And that's where it focused its attention first.
I don't know if this has changed, but in the first day or two, I'm told Elliott didn't even try to talk to labor. It's entirely possible that labor just wasn't as important in Elliott's minds and they've gotten there now, but it's a critical mistake if you're trying to win hearts and minds.”
06-13-2024 | 06:47 AM
#72
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From: B737CA
You should watch it. This guy is coming at us.
06-13-2024 | 08:09 AM
#73
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Except he's calling out the Republicans as they've been in the pocket of this vulture capitalist... In fact, if you didn't know anything about Tucker or FNC, and you saw this segment, you'd think this was a left wing hit piece.
You should watch it. This guy is coming at us.
You should watch it. This guy is coming at us.
06-13-2024 | 10:39 AM
#74
Prime Minister/Moderator
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From: Engines Turn or People Swim
I am in total agreement with you RJS. This is not the good omen that some pilots think it is. If the scenario plays out the wrong way, it could do big harm to this company and its employees. Hoping to be proven wrong. These hedge fund/VC "activists" are like a dystopian feature of late stage capitalism.
06-13-2024 | 01:12 PM
#75
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I agree with you however after reading that link above I actually think they have a valid point. Perhaps tanking Bob and Gary and the promoting say Andrew is the better option as opposed to trying to bring in someone totally off the street. I would imagine a lot of pushback and even slower change.
Last edited by Black Coffee; 06-13-2024 at 01:25 PM.
06-13-2024 | 06:29 PM
#76
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From: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
06-13-2024 | 06:36 PM
#77
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From: B737CA
I am in total agreement with you RJS. This is not the good omen that some pilots think it is. If the scenario plays out the wrong way, it could do big harm to this company and its employees. Hoping to be proven wrong. These hedge fund/VC "activists" are like a dystopian feature of late stage capitalism.
They most certainly aren't aligned with employee interests. They want stock and they can get it by running a great airline, or by selling off all the aircraft and shutting down the whole airline.
06-14-2024 | 08:49 AM
#80
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Honest question.
Why doesn’t Southwest start charging for bags? Or put some upgraded economy rows they can charge for? Can they charge for a seat assignment? Other airlines have made billions on these fees over the last 15 years.
Might be a catch-22 though. The more they start looking like other airlines, the more people will start shopping other airlines.
Why doesn’t Southwest start charging for bags? Or put some upgraded economy rows they can charge for? Can they charge for a seat assignment? Other airlines have made billions on these fees over the last 15 years.
Might be a catch-22 though. The more they start looking like other airlines, the more people will start shopping other airlines.
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