HOUSTON Jan 30 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.
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General Motors will invest $1 billion in the next few years to turn operations in India into a new global auto manufacturing and export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. Full Article