Elliott has picked up another endorsement from a proxy advisory company, a company by the name of Investor Shareholder Services, ISS. This time the endorsement is for all 4 board candidates.
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This one is major and devastating. Game over for this management team.
This isn't going to mean more money for refining. This is going to mean more money for stock buybacks. That's what we are under Elliott. We make money in refineries, and buy back stock. Refineries that don't make money will be cut loose and the proceeds of sales will be used to buy back stock.
Was a good run for a while
Love it! From a former Alliance employee who saw that place starved for capital and run in to the ground, to instead channel money to “Rodeo Renewed” and other green BS, this warms my heart 🤣
Yeah, it's all over but the crying.
Hope Elliot doesn't sc--w this place up more than it already is.
I mean…….wow. Both Glass-Lewis and especially ISS are well known and respected in the institutional space.
No other comment needed, really.
Hubris……….