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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": "Uses a waterfall-style logic on a bar chart to show the impact of management performance on stock price targets.",
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      "kind": "callout",
      "text": "Hess's recent presentation points to Wall Street price targets as justification that nothing is wrong... Yet these targets merely reflect Hess's poor execution",
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      "text": "Hess Average Sell-side Target Price",
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      "text": "Two years ago, Hess's price target was $100 / share\nPoor execution drove that price target down 35% to $65 / share prior to Elliott's public involvement\nSpecter of accountability pushing change at Hess increased the target price by 20% to $78 / share\nNo material change to quality of assets. Management and Board have no excuse to lower the bar...",
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      "text": "Sell-side Target Price: $128",
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      "text": "Source: Bloomberg\n1. May 2011\n2. March 8, 2013",
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      "kind": "title",
      "text": "Hess Hides Behind Price Targets That Price in Management Mediocrity",
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