Hess (HES -0.7%) blasts Elliott Management’s “self-serving short-term agenda” and urges...

|About: Hess Corporation (HES)|By:, SA News Editor

Hess (HES -0.7%) blasts Elliott Management’s “self-serving short-term agenda” and urges shareholders to vote for the company’s slate of board candidates. The company says Elliott’s candidates are being compensated by the hedge fund through a contingent payment scheme that leads them to support “a short-term break-up plan that will effectively liquidate Hess."