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  "documentTitle": "Hess Corporation (HES)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Management",
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  "presentationDate": "2013-03-01 00:00:00",
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  "notes": "The slide uses a list of bullet points to systematically dismantle the credibility of the board's recent communications.",
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      "kind": "callout",
      "text": "Hess Does Not Want to be Accountable to Shareholders",
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      "text": "Ignored history of underperformance; Claimed five year transformation; Announced new Lead Independent Director; Insisted search for new directors started in August; Misrepresented Bakken well cost; Asserted use of Conventional's cash flow; Permitted scant disclosure; Talked down value; Hand-picked nominees.",
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      "text": "1. See slides 24 and 25",
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      "text": "March 4th presentation and subsequent letter from CEO evidenced the board’s disregard for their responsibility to provide oversight of management and accountability to shareholders:",
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