Phillips 66 (PSX) · page 5 of 21
The slide uses a narrative structure to build a case for shareholder action by highlighting management's failure to follow through on board appointments and governance standards.
Shareholder letter · expose_contradiction · expose_contradiction · overcrowded density
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Call to action slide · 70%
callout: Allowing Mr. Lashier to consolidate control over the Company's governance has hindered our ability to work constructively with Phillips 66 to improve the Company's performance.
CEO quote contradiction slide · 80%quote: management - which, by its own admission, had taken its "eye off the ball" with respect to the Company's core refining business. — Mark Lashier (CEO), January 2023, GS Energy Conference.
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