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  "documentTitle": "Hess Corporation (HES)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Management",
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  "presentationDate": "2013-04-15 00:00:00",
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  "notes": "Uses a CEO quote to frame the contradiction between ambition and operational reality.",
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      "text": "It is 1/23rd the size of Exxon and 1/12th the size of Chevron. Yet, CEO is adamant in running Hess as though it were of similar size. The result is a distracted organization: Subscale in nearly every basin in which it competes; Lacking capital discipline; Overwhelmed by operational missteps resulting in further distraction",
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      "text": "\"We have the portfolio of a major, we have the technical challenges of a major...\" — John Hess, June 2010",
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