Replies to post #6461 on The Rising Influence of Rising Affluence

[ilpapa]

The Cramer shares your enthusiasm --

Don't just stand there, do something!" exclaimed an animated Jim Cramer.

The Mad Money host just couldn't control his enthusiasm after word surfaced that hedge fund Elliott Management will nominate five executives to Hess Corp's board as it pitches a plan to break up the U.S. oil and gas company to boost returns for investors.

"This colossal and colossally underperforming independent oil and gas explorer and producer, which is now the subject of proxy fight by a very aggressive hedge fund, has already vaulted ten points on the news, and I think it can go much higher if the company gets sold or takes the advice of the hedge fund and splits up its assets," said Cramer.<snip>

[DewDiligence]

HES—I’d like to hear from anyone here who owns shares as to whether they intend to vote for management’s director nominees or Elliott’s. I’m leaning toward voting for management’s picks because I think Elliott’s plans for splitting up the company are too radical and incur tax inefficiencies.

Comments?