{"id":34588,"date":"2013-03-27T08:52:44","date_gmt":"2013-03-27T12:52:44","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34588"},"modified":"2013-03-27T08:52:44","modified_gmt":"2013-03-27T12:52:44","slug":"hess-ceo-warns-of-hedge-fund-plans-to-dismantle-company","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2013\/hess-ceo-warns-of-hedge-fund-plans-to-dismantle-company.html","title":{"rendered":"Hess CEO warns of hedge fund plans to dismantle company"},"content":{"rendered":"<p>NJ Times &#8211; Hess Corp., the New York-based oil company, said shareholder Paul Singer\u2019s Elliott Management Corp. is proposing to pay its board nominees fees to liquidate the company.<\/p>\n<p>\u201cUnder this highly unusual scheme, Elliott would control its directors by potentially paying them millions in cash to effectively dismantle Hess,\u201d Chairman and Chief Executive Officer John Hess said in a letter to shareholders today. Hess is fighting Elliott\u2019s proposal to replace five of the company\u2019s 13 board members at a meeting scheduled for May 16.<\/p>\n<p><a href=\"http:\/\/www.nj.com\/business\/index.ssf\/2013\/03\/hess_ceo_warns_of_hedge_fund_p.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NJ Times &#8211; Hess Corp., the New York-based oil company, said shareholder Paul Singer\u2019s Elliott Management Corp. is proposing to pay its board nominees fees to liquidate the company. \u201cUnder this highly unusual scheme, Elliott would control its directors by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34588","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34588"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34588\/revisions"}],"predecessor-version":[{"id":34589,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34588\/revisions\/34589"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}