Southwest Chairman Gary Kelly Retires
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former CEO Gary KellyCNBC
•Southwest Chair Kelly to step down next year as activist Elliott pushes for changes at airline
73% Informative
Elliott Investment Management has been calling for leadership changes at the Dallas -based carrier.
Elliott in June revealed a nearly $2 billion stake in Southwest , seeking to oust leadership.
The carrier has struggled as it faces an oversupplied domestic U.S. market, higher costs and higher costs.
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