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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With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article