Elliott Management · activist-deck
Hess Corporation (HES)
48 pages · 4 arc beats · 3 loops
Hess Corporation (HES)
Elliott Management · 2013-01 arc beats above · slides in the middle · loops below · scroll → 3 LOOPS
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Deck intelligence map
4 coverage by narrative range · generated from this deck JSON
Narrative range 47 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Problem (Identify pain) 7 slides 100% 7/7 slides 100% 7/7 slides · 41 hits — 0/7 slides
14.3% 1/7 slides · 2 hits 42.9% 3/7 slides · 4 hits 100% 7/7 slides 28.6% 2/7 slides Agitate (Make it worse) 16 slides 100% 16/16 slides 100% 16/16 slides · 99 hits — 0/16 slides
6.3% 1/16 slides 81.3% 13/16 slides 100% 16/16 slides 25% 4/16 slides Solution (Provide relief) 22 slides 100% 22/22 slides 100% 22/22 slides · 145 hits — 0/22 slides
31.8% 7/22 slides · 11 hits 86.4% 19/22 slides 100% 22/22 slides 13.6% 3/22 slides Action 2 slides 100% 2/2 slides 100% 2/2 slides · 12 hits — 0/2 slides
— 0/2 slides
50% 1/2 slides 100% 2/2 slides — 0/2 slides
Slide inventory
48 every slide · same image gating as the playbook
04
Includes specific references to W.D. Von Gonten study and specific financial loss estimates.summarize
05
Uses a 'preempt_rebuttal' strategy by quoting the CEO's own words about long-term performance and then immediately refuting it with data.compare_peers
Open slide detailBeat · Problem (Identify pain)
06
The slide uses a 2x2 layout of charts to frame the argument that Hess is undervalued given its operational strengths.compare_peers
Open slide detailBeat · Problem (Identify pain)
07
The slide presents a sum-of-the-parts valuation analysis.show_valuation_bridge
Open slide detailBeat · Problem (Identify pain)
08
Uses a causal chain/logic flow structure to justify activist demands.propose_solution
Open slide detailBeat · Agitate (Make it worse)
09
The chart bridges the current share price to a pro forma value through three strategic actions.show_valuation_bridge
Open slide detailBeat · Agitate (Make it worse)
12
The slide uses a combination of bar charts and a detailed table to build a case against the current board composition.expose_contradiction
Open slide detailBeat · Agitate (Make it worse)
13
Uses ISS quote and historical voting data to build a case for board accountability.expose_contradiction
Open slide detailBeat · Agitate (Make it worse)
14
The chart highlights Hess (HES) as an outlier with high compensation and negative 5-year total return.expose_contradiction
Open slide detailBeat · Agitate (Make it worse)
15
The slide uses a two-part table structure to contrast incumbent board members with proposed shareholder nominees.introduce_nominees
Open slide detailBeat · Agitate (Make it worse)
17
The quote emphasizes that the board is the CEO's boss, not their friend, and should prioritize shareholder interests.cite_precedent
Open slide detailBeat · Agitate (Make it worse)
19
Uses a 'villain critique' approach to frame the company's diversification as a strategic failure.name_villain
20
The slide uses a waterfall-style chart to illustrate sensitivity, contrasting the high volatility of resource plays against the relative stability of offshore aexpose_contradiction
21
Uses a matrix to compare valuation metrics and a Venn diagram to show analyst coverage overlap.expose_contradiction
22
Uses a contrast-pairs framework to highlight the gap between management's vision and market perception.expose_contradiction
23
The slide uses a waterfall-style additive logic to show cumulative stock price appreciation.propose_solution
Open slide detailBeat · Agitate (Make it worse)
24
The chart shows a bridge from current value ($49.85) to pro forma value ($126.24) through specific corporate actions.show_valuation_bridge
Open slide detailBeat · Solution (Provide relief)
25
Includes a map of US oil/liquids plays and a valuation bridge for the proposed spinoff.compare_peers
Open slide detailBeat · Solution (Provide relief)
26
The chart shows a bridge from $49.85 to $126.24 via three distinct value-add steps.show_valuation_bridge
Open slide detailBeat · Solution (Provide relief)
27
Includes precedent transactions for midstream and downstream divestitures.quantify_opportunity
Open slide detailBeat · Solution (Provide relief)
28
The chart shows a bridge from 'Hess Today' ($49.85) to 'Pro Forma Hess' ($126.24) via three value-adding steps.show_valuation_bridge
Open slide detailBeat · Solution (Provide relief)
29
Includes a peer comparison table and a valuation buildup table showing potential share price upside.quantify_opportunity
Open slide detailBeat · Solution (Provide relief)
30
The slide uses external analyst validation to support the activist's thesis.cite_precedent
Open slide detailBeat · Solution (Provide relief)
31
The slide uses authority-citation to build credibility for the nominees.introduce_nominees
Open slide detailBeat · Solution (Provide relief)
33
Uses a bridge chart to connect operational cost overruns to NAV destruction.name_villain
Open slide detailBeat · Solution (Provide relief)
34
Uses a contrast-pairs framework to highlight management incompetence.expose_contradiction
Open slide detailBeat · Solution (Provide relief)
35
The slide uses a 'villain' framing for ZaZa Energy and highlights specific financial losses to demonstrate management incompetence.expose_contradiction
Open slide detailBeat · Solution (Provide relief)
36
The slide uses external validation (analyst reports) to frame management as the primary cause of valuation discount.cite_precedent
Open slide detailBeat · Solution (Provide relief)
37
The slide uses quotes to establish credibility for the nominees by highlighting their past successes in cost management and operational execution.cite_precedent
Open slide detailBeat · Solution (Provide relief)
39
The slide uses a 'villain' framing by highlighting Hess's poor performance relative to peers despite favorable market conditions.compare_peers
40
The slide uses a 'villain' framing by attributing value destruction directly to management's persistence in high-risk exploration.name_villain
41
Uses a series of quotes to establish a pattern of broken promises, followed by a bar chart to provide empirical evidence of the contradiction.expose_contradiction
42
Uses direct quotes from executives to contrast stated intent with subsequent actions.expose_contradiction
Open slide detailBeat · Solution (Provide relief)
43
The slide uses a two-column layout to categorize analyst concerns into 'Capital Allocation / Discipline' and 'Exploration'.cite_precedent
Open slide detailBeat · Solution (Provide relief)
44
The quote is used to establish the nominee's track record and philosophy regarding capital allocation.introduce_nominees
Open slide detailBeat · Solution (Provide relief)
47
The slide uses a combination of a performance table and a nominee bio table to justify the need for board change.introduce_nominees
Open slide detailBeat · Action