A Southwest Airlines director bought $100 million in stock to fight activist investor Elliott
qz.com › southwest-airlines-rakesh-gangwal-100-million-1851664091
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Southwest Airlines (LUV) just got a big endorsement of its turnaround plan — from the inside. Reuters reports that board of directors member Rakesh Gangwal, the founder of the Indian budget airline Indigo, purchased a $100 million block of shares of the company.