Oracle AI Boost, Apple iPhone 16 Launch Reaction, Southwest's Chairman to Step Down Amid Activist Pressure 9/10/24
Squawk on the Street
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Corporate Leadership Under Pressure
This chapter explores the ongoing proxy fight at Southwest Airlines, where activist investor Elliott Management is pushing for new board directors amidst significant leadership changes. The discussion includes the implications of retiring directors and the CEO's future engagement with shareholders, while comparing the situation to Under Armour's challenges in the athletic wear market. The conversation culminates in assessing the broader impact of these corporate governance changes on shareholder satisfaction and company performance.
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Transcript
