Hess CEO says would carefully consider breakup proposal
HOUSTON Jan 30 (Reuters) - Hess Corp Chief Executive John Hess told analysts on Wednesday that there were "no sacred cows" in the boardroom, and Hess would carefully consider an activist investor's push to break up the company.
"There are no sacred cows in the business, no sacred cows in the boardroom," Hess said. He also said the company is "happy to discuss" shareholder ideas, but Hess would respond to hedge fund Elliott Management's proposal at a later date.
"We are looking carefully at them," Hess said of those plans.
- Tweet this
- Share this
- Digg this
Trending On Reuters
Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters. Full Article