Market Overview

Hess Responds to ISS Report

Hess Corporation (NYSE: HES) today commented on the report issued by
Institutional Shareholder Services Inc. (“ISS”). ISS's flawed analysis
does not reflect the fact that Hess has nominated five all new
independent director nominees to oversee the continued execution of a
market-endorsed transformation plan and disregards the highly
problematic compensation scheme put in place for Elliott Management's
dissident nominees. Hess notes that Egan Jones, a competing proxy
advisory firm, yesterday issued a report in support of ALL of Hess'
director nominees and believes that shareholders who conduct their own
thoughtful analysis will arrive at the same conclusion. Hess continues
to urge shareholders to vote on the WHITE
proxy card FOR all of its new, highly qualified, independent director

See full press release

Posted-In: News Guidance Management Global

 

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