Hedge fund wants to shake up hess board

摘要

Houston—New York-based hedge fund Elliott Associates jumped with full armor into a bat- tle for change at Hess Corp. with a detailed letter to shareholders on January 29 that called for a “full strategic and operational review” of the company, while urging election of five independent directors to the oil com- pany’s board. A day after Hess revealed the hedge fund had notified it of plans to buy more than $800 million worth of shares and nominate candidates to its board, Elliott said in its 12-page letter that the suggested review would “consider all the pathways to maximize shareholder value.”