As seen in the FT article "Hedge fund Elliott turns up heat on BP with demand for deep spending cuts".
Seems Elliot blames the current state of things on poor execution and not just on too fast, too deep.
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From one of the news article "Elliott believes the broader executive team around CEO has underperformed and has not been held accountable."
Did someone send Elliott the townhall comments :)
2nd largest is what I saw, after blackrock at 9.2%
More layoffs incoming
According to some press articles, they are now 2nd largest shareholder