Jul
09
2024
If there was doubt change at the airline was necessary, there’d be a role for Elliott Capital. If Elliott Capital had a vision for how to fix things, there might be as well. Here they just make the case that change is necessary, and ask for their people to be put in charge saying they’ll figure out what the plan is later.
So when they say they’ll “move expeditiously to give shareholders a direct say on the necessary leadership changes” they’re planning a proxy fight, putting their board members in place. But towards what end, besides firing current board members they replace as well as the CEO? The problem here is the lack of a solution!
