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  "docSlug": "7848c04aef2c",
  "documentTitle": "Southwest Airlines (LUV)",
  "authorId": "14_Icahn",
  "authorName": "John Pike and Bobby Xu",
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  "presentationDate": "2024-06-10 00:00:00",
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  "notes": "Uses a cascading bar chart to emphasize negative performance metrics.",
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      "text": "We believe new leadership is required at Southwest after years of consistent disappointments and a steadfast commitment to the status quo.",
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      "text": "TSR: -84%",
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      "text": "We believe new leadership is required at Southwest after years of consistent disappointments and a steadfast commitment to the status quo. The Executive Chairman and CEO, who have spent a cumulative 74 years at Southwest, have presided over a period of stunning underperformance at the Company. Further, they have demonstrated that they are not up to the task of modernizing Southwest",
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      "kind": "quote",
      "text": "So I think the [strategic] daylight between [me and Gary Kelly] is, yes, there's some, but it's really small, and it's absolutely none of the fundamentals.",
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      "kind": "quote",
      "text": "So I think the [strategic] daylight between [me and Gary Kelly] is, yes, there's some, but it's really small, and it's absolutely none of the fundamentals. — CEO Bob Jordan, December 2021",
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      "kind": "source-note",
      "text": "Source: Company filings, Company transcripts, Bloomberg as of 6/7/2024, Department of Transportation.",
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      "kind": "title",
      "text": "Leadership Must Be Upgraded",
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