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  "documentTitle": "Phillips 66 (PSX)",
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      "text": "Investors have no confidence in Mark Lasher's ability to lead Phillips 66",
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      "text": "We have had significant issues with Mark Lashier... There is an open question if he is the right man for the moment for me.",
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      "text": "So, for sure, I think Elliott looks for that governance stuff... He's doing what's right for his buddies on the Chevron Phillips side which is just not that shareholder friendly.",
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      "text": "Mark controls everything and that is not a good thing... If that chairman's also the CEO, then you get some dynamics where he or she's going to make all the calls and shots.",
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      "text": "The CEO came from Chevron Phillips Chemical. That is another thing I think they should look at. Take Mark Lashier, he's an expert there, and spin off that business.",
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      "text": "This last Q4 where Phillips came out and their refining margins were so weak, so weak. That is just fundamentally unacceptable. That is a CEO problem.",
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      "text": "“The CEO came from Chevron Phillips Chemical. That is another thing I think they should look at. Take Mark Lashier, he's an expert there, and spin off that business.” — Third-party Shareholder Survey; “This last Q4 where Phillips came out and their refining margins were so weak, so weak. That is just fundamentally unacceptable... That is a CEO problem.” — Third-party Shareholder Survey; “We have had significant issues with Mark Lashier, who's the CEO. He is on the hot seat at this point due to these operational issues... There is an open question if he is the right man for the moment for me.” — Third-party Shareholder Survey; “Mark controls everything and that is not a good thing and as you can see that does not lead to strong corporate performance.” — Third-party Shareholder Survey; “He's doing what's right for his buddies on the Chevron Phillips side which is just not that shareholder friendly.” — Third-party Shareholder Survey",
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      "text": "Source: Third-party Shareholder Survey. Third-party survey conducted as of March 2025. Percentage based on analysis performed by Elliott's proxy solicitation firm, equivalent to 44.3% of total outstanding shares.",
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      "text": "Investor confidence in Mark Lashier's ability to lead Phillips 66 has disintegrated",
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      "text": "FURTHER SHAREHOLDER SURVEY RESULTS",
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