Elliott Disrupts CEO Summer Plans With $400 Billion in New Marks

Executives hoping for a quiet summer have found a wrench thrown in their plans: Elliott Investment Management isn’t planning on letting them rest.

Elliott, the activist hedge fund founded by billionaire Paul Singer, has unveiled seven new stakes in companies around the world since April, targeting corporations with a combined market value of more than $400 billion, according to data compiled by Bloomberg.

Its latest mark, announced Monday, is $18 billion US carrier Southwest Airlines Co. Elliott wants the company to refresh its boardroom, change up management and conduct a comprehensive business review, according to a letter to the ...