{
  "docId": "019dd923-622c-750b-8b9c-a1faa95b3dfa",
  "docSlug": "00b85a311ade",
  "documentTitle": "Southwest Airlines (LUV)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Investment Management",
  "documentKindSlug": "press-release",
  "documentKindLabel": "Press release",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-09-10 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 2,
  "pageCount": 6,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "nominee_bio",
  "function": "introduce_nominees",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "The slide uses a two-part structure: a nominee gallery followed by a 'Southwest's Response' critique section.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "headshot",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-a1faa95b3dfa/2",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-a1faa95b3dfa",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-a1faa95b3dfa.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-a1faa95b3dfa#slide-2",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Southwest’s response demonstrates how profoundly out of touch the Board and management are with shareholder sentiment and the reality of the situation.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-e6e9-749a-ba76-81e182ad0425",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.82,
        "x": 0.09,
        "y": 0.26
      },
      "kind": "image",
      "text": "10 headshots of nominees",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3570e790-81c9-4c9e-a991-816c7253fcd0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.1,
        "y": 0.83
      },
      "kind": "list",
      "text": "Reduced second quarter revenue guidance; Adopted a shareholder-unfriendly poison pill; Added a hand-picked new director; Initiated disappointing third-quarter guidance.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "679c9744-23be-4060-a62a-2561f57503e5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.14
      },
      "kind": "paragraph",
      "text": "These candidates were selected through a months-long global search for the best individuals with the optimal mix of backgrounds and expertise to address Southwest's current challenges and deliver on the company's potential.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6a67b29c-7651-40aa-aa35-cef540707b63",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.8,
        "x": 0.1,
        "y": 0.78
      },
      "kind": "title",
      "text": "Southwest's Response Shows the Need for New Leadership",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "763e07fe-8f96-48f2-bcb2-5165806cf386",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.08
      },
      "kind": "title",
      "text": "We plan to nominate ten independent, highly qualified candidates for Southwest's Board.",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cf56be8c-bf28-4d09-bfca-8bdbc908c58e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "fff1a526-68dd-4936-8dec-56d47083148a",
      "evidence": "The slide contrasts the 'highly qualified' nominees with the 'out of touch' current leadership.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 2,
      "from": 2,
      "beatId": "fb8a9e3b-4497-4b0f-a56f-888a629f1f4c",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Problem (Identify pain)",
      "beatSlug": "problem-agitate-solution-problem-identify-pain",
      "evidence": "Elliott plans to nominate new candidates, implying dissatisfaction with current board",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    },
    {
      "to": 3,
      "from": 2,
      "beatId": "d33b9045-b0f7-4b8c-917a-40232bb67f5d",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "Elliott's nominees are described as 'highly qualified'",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 3,
      "from": 2,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "202eb799-4c22-4c7d-a176-208e4e230d84",
      "evidence": "The document implies that the current board may not be serving Southwest's best interests",
      "position": 0,
      "objective": "What are the consequences of not changing the board?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}