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  "documentTitle": "Marathon Petroleum Corporation (MPC)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
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  "presentationDate": "2019-09-24 00:00:00",
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  "notes": "Uses a comparison-style list for the 'Splitting Marathon Unlocks Value' section and a diagram for the 'Favorable Separation Mechanics'.",
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      "text": "Splitting Marathon Unlocks Value: Asset value trapped, complexity, internal conflicts, poor governance vs. independent management, simplified structure, value creation, modern governance.",
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      "text": "Favorable Separation Mechanics: Tax-free spin-outs for Retail and Midstream, de-leveraging of Refining.",
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