Singer tightens grip on Hess for ‘continuing underperformance’

Four years after he first battled Hess, activist investor Paul Singer is once again rattling the cage of the oil-and-gas giant. Citing the “continuing underperformance” of the $13 billion company, Singer’s Elliott Management is pushing for major changes at Hess, which could include the ouster of second-generation CEO John Hess or selling parts of the...

from New York Post http://ift.tt/2jWxuAl