 and shrink its workforce by 2,000 people. Earlier this month, hedge fund Elliott Investment Management bought a stake in Southwest for just under $2 billion. With the purchase came the demand for the CEO and chairman to resign. Representatives from the hedge fund argued they had failed to modernize the airline's technology and were not keeping up with the current travel patterns. However, CEO Robert Jordan says he's not resigning. Instead, he promised to unveil a plan to boost profit.