Investor Tensions Flare As Elliott Blasts Hess CEO

Law360, New York (March 6, 2013, 4:59 PM EST) -- Hess Corp.'s ongoing squabble with multiple activist investors raged on Wednesday when Elliott Management Corp., the hedge fund that has pressured the New York-based energy giant to sell several units in favor of a focus on its exploration business, again criticized Hess' top brass as inadequate leaders.

The critique comes on the heels of a letter company CEO John Hess sent to another activist shareholder, Relational Investors LLC, a day earlier. Relational had voiced its support for Elliott's shakeup plans, urging the company to reshape its...
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