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  "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",
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  "pageNumber": 53,
  "pageCount": 161,
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  "slideType": "expose_contradiction",
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  "density": "dense",
  "nDataPoints": 6,
  "notes": "Uses a bar chart to show voting percentages over time (2007, 2008, 2012) to illustrate the failure to reach the 80% threshold.",
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  "slideHref": "/slides/019dd923-622c-750b-8b9c-3c8a15220fd2/53",
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      "kind": "callout",
      "text": "Did John Hess vote against the recommendation of his OWN BOARD of which he is Chairman? How will he vote this year?",
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      "kind": "chart",
      "text": "% of Total Shares Voted for Declassification",
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      "kind": "disclaimer",
      "text": "Sources: Company Filings, Factset, ISS Voting Analytics. 1. Hess estate is assumed to have voted against declassification and is excluded from calculation",
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      "text": "De-staggering the Hess Board requires 80% of outstanding (not just voting) shares. In 2007, Shareholders' backed de-staggering the Hess Board with over 97% of outside voters electing to de-stagger. In 2008, the Hess Board recommended FOR de-staggering the Board (had they not, they may have had governance agencies recommend withholds on all of their nominees). 245.7mm shares voted to de-stagger (76% of outstanding shares, 87% of voting shares). 1.8mm shares abstained. 37.1 mm shares voted against declassification (John Hess controlled 36.6mm shares)",
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      "kind": "list",
      "text": "In 2012, Shareholders again backed de-staggering the Board with over 94% of outside voters electing to de-stagger. Now, the Hess Board again has recommended FOR de-staggering the Board. Yet, at the same time the Board opposes a shareholder proposal to remove the 80% voting requirement that prevented de-staggering the Board three times before",
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      "kind": "title",
      "text": "37mm Shares Prevented All Directors from Becoming Accountable ...And John Hess Had 37mm Shares",
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      "evidence": "Contrasts board recommendation with personal voting record of the CEO/Chairman.",
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