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  "documentTitle": "Hess Corporation (HES)",
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  "presentationDate": "2013-03-01 00:00:00",
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  "notes": "The slide uses a 'villain' framing by questioning John Hess's personal voting behavior against his own board's recommendation.",
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      "text": "Did John Hess vote against his board's recommendation and against declassification?",
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      "text": "Objecting via Say on Pay",
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      "text": "51% support on Say on Pay; 427th out of 450 S&P 500; 149th out of 156 Energy; 87% S&P average; CEO compensation 73rd percentile, returns 20th percentile.",
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      "text": "90%+ of outside shareholders voted to declassify; Charter requires 80%; 2008 board recommended de-staggering; 37mm shares voted against (John Hess controlled).",
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      "text": "39%, 39% and 33% of votes withheld against Brady, Kean and Olson, respectively; 14%, 14%, and 14% of votes withheld against Holiday, Bodman, and von Metzsch; 3.7% S&P average.",
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      "text": "Sources: Company Filings, Factset, ISS Voting Analytics",
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      "text": "Shareholders are Frustrated",
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