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  "documentTitle": "Hess Corporation (HES)",
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  "authorName": "Elliott Management",
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  "notes": "The slide uses a quote from David H. Batchelder to validate the compensation structure.",
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      "text": "After years of receiving unrestricted stock, Hess's current Board members have similar upside to Shareholder Nominee compensation",
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      "text": "Compensation Per 1% Increase Hess Stock: $33,228",
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      "kind": "quote",
      "text": "Moreover, we find that the compensation provided by Elliott to their nominees is consistent and comparable to that of the company's continuing directors; specifically, continuing directors have similar upside potential on historical share grants received during their tenure as directors.",
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      "text": "Moreover, we find that the compensation provided by Elliott to their nominees is consistent and comparable to that of the company's continuing directors; specifically, continuing directors have similar upside potential on historical share grants received during their tenure as directors. — David H. Batchelder, Relational Investors LLC",
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      "text": "Source: Bloomberg, Company filings. 1. Calculated using share holdings as of 3/15/12 proxy filing and valuation as of 4/5/13. 2. Relational Investors letter to John Hess on March 27, 2013",
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