{
  "docId": "019dd923-622c-750b-8b9c-3c8a15220fd2",
  "docSlug": "348f49356270",
  "documentTitle": "Hess Corporation (HES)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-04-15 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 122,
  "pageCount": 161,
  "prevPage": 121,
  "nextPage": 123,
  "slideType": "ceo_quote",
  "function": "summarize",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide references Anadarko, likely a legacy slide from a previous company or context.",
  "elementsJson": [
    "headline_text",
    "quote_block",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-3c8a15220fd2/122",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-3c8a15220fd2",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-3c8a15220fd2.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-3c8a15220fd2#slide-122",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.05,
        "x": 0.08,
        "y": 0.05
      },
      "kind": "image",
      "text": "HESS",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "174c9a40-ef5a-4fb8-91ca-048b9f1a18eb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.7,
        "w": 0.6,
        "x": 0.2,
        "y": 0.15
      },
      "kind": "quote",
      "text": "Capital discipline is the critical process of allocating a company's most precious resource after its people, cash flow, to ensure desired investment returns for the benefit of all stakeholders. At Anadarko, we created a culture of capital discipline through development of a focused allocation framework: Constraining capital in order to drive portfolio depth and constantly high-grade the portfolio, Instilling intellectual integrity via an honest but probing post-mortem processes, and Creating a learning culture that emphasized continuous improvement.",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "95222299-f21a-4e1f-b932-695991f66fa8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"Capital discipline is the critical process of allocating a company’s most precious resource after its people, cash flow, to ensure desired investment returns for the benefit of all stakeholders. At Anadarko, we created a culture of capital discipline through development of a focused allocation framework: Constraining capital in order to drive portfolio depth and constantly high-grade the portfolio, Instilling intellectual integrity via an honest but probing post-mortem processes, and Creating a learning culture that emphasized continuous improvement.\" — Karl Kurz",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-f5d2-7501-bd9b-81523456e0e4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.12,
        "y": 0.82
      },
      "kind": "title",
      "text": "Capital Allocation: Karl Kurz",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d149fb76-0ad1-4933-a833-1696ca559cfe",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "CEO quote contradiction",
      "slug": "ceo-quote-contradiction",
      "agent": null,
      "layer": "slide",
      "matchId": "b73e3c8a-2be3-44ae-8562-6559b96907b0",
      "evidence": "The quote from Karl Kurz implies a contrast between current and desired investment returns, possibly a contradiction.",
      "confidence": 0.6
    }
  ],
  "frameworks": [
    {
      "name": "capital-allocation-framework",
      "slug": null,
      "matchId": "78fae870-e265-4e2d-bd53-556ace6237c2",
      "evidence": "Explicitly mentions 'focused allocation framework' and lists three pillars of capital discipline.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 144,
      "from": 110,
      "beatId": "25eb99b6-a8df-4c9c-ad02-8cd92b4cf72a",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution",
      "beatSlug": null,
      "evidence": "The presentation offers a solution, including the introduction of new, independent board members with relevant experience",
      "position": 3,
      "confidence": 0.9,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 144,
      "from": 110,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "42a00a69-3076-4e62-be31-3866ddfe042c",
      "evidence": "The presentation uses the golden circle approach to introduce the solution and new board members",
      "position": 2,
      "objective": "Introduce the solution and new board members",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.8,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}