{
  "docId": "019dd923-622c-750b-8b9c-323283670cec",
  "docSlug": "3a1e7040a25b",
  "documentTitle": "Hess Corporation (HES)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-01-29 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2941177,
  "pageNumber": 44,
  "pageCount": 48,
  "prevPage": 43,
  "nextPage": 45,
  "slideType": "ceo_quote",
  "function": "introduce_nominees",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The quote is used to establish the nominee's track record and philosophy regarding capital allocation.",
  "elementsJson": [
    "quote_block",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-323283670cec/44",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-323283670cec",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-323283670cec.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-323283670cec#slide-44",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We're [Anadarko] very committed to capital discipline and...as we constrain capital, we see better returns on our projects, we quit dipping down to the lower tier, we keep that continual high grading effort going on and on... We're going to be very disciplined as we go forward.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-fb90-708a-8689-80f635df8da1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.3,
        "x": 0.6,
        "y": 0.59
      },
      "kind": "paragraph",
      "text": "Karl Kurz, Shareholder Nominee\nFormer COO Anadarko, May 2008",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14ee0e26-e535-4b42-8649-4a0829270b19",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.33
      },
      "kind": "quote",
      "text": "We're [Anadarko] very committed to capital discipline and...as we constrain capital, we see better returns on our projects, we quit dipping down to the lower tier, we keep that continual high grading effort going on and on... We're going to be very disciplined as we go forward.",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ed43db59-b973-4ce5-a952-33ea0368b7a5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"We're [Anadarko] very committed to capital discipline and...as we constrain capital, we see better returns on our projects, we quit dipping down to the lower tier, we keep that continual high grading effort going on and on... We're going to be very disciplined as we go forward.\" — Karl Kurz, Shareholder Nominee, Former COO Anadarko, May 2008",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-fb90-708a-8689-879f9543f9d1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "1. Deutsche Bank Conference 5/28/2008",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6cff9035-2401-404f-bc99-829956cef1de",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "capital-allocation-framework",
      "slug": null,
      "matchId": "0c4f4bbb-e0db-4802-a705-016c517bc691",
      "evidence": "The quote explicitly discusses capital discipline and high-grading projects.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 45,
      "from": 24,
      "beatId": "c09c4ff2-396f-478e-9eb3-d91ee1432367",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution (Provide relief)",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document proposes a solution to unlock Hess's intrinsic value, including refocusing the portfolio, reassessing and refocusing Hess, and replacing the board of directors.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}