Glass Lewis Backs Elliott's Push for Board Change at Phillips 66 Ahead of Annual Shareholder Meeting

Reuters

2025/05/11

Glass Lewis Backs Elliott's Push for Board Change at <a href="https://laohu8.com/S/PSX">Phillips 66</a> Ahead of Annual Shareholder Meeting

WEST PALM BEACH, Fla., May 10, 2025 - Leading independent proxy advisory firm Glass, Lewis & Co., LLC has advised shareholders of Phillips 66 to support significant boardroom changes by voting for three director nominees proposed by Elliott Investment Management L.P. at the upcoming Annual Meeting of Shareholders on May 21. Glass Lewis has endorsed Elliott's nominees - Brian Coffman, Sigmund Cornelius, and Michael Heim - citing the need for independent perspectives in the boardroom. They criticized Phillips 66 for underperformance and poor governance, describing the company's arguments as "disconnected from reality" and lacking a clear pathway to shareholder value. Elliott, a top-five shareholder in Phillips 66, argues that the company's current board has failed to deliver compelling shareholder returns and calls for immediate change.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via PR Newswire (Ref. ID: NY84944) on May 10, 2025, and is solely responsible for the information contained therein.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"老虎国际,美股交易,港股交易,交易美股,股票信息,股价,美股行情,美股打新,港股打新,IPO打新,购买美股,全球投资","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2534404036"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2534404036\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2534404036?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-11 01:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2534404036","market":"nz","top_or_hot":-1,"title":"Glass Lewis Backs Elliott's Push for Board Change at Phillips 66 Ahead of Annual Shareholder Meeting","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Glass Lewis Backs Elliott's Push for Board Change at <a href=\"https://laohu8.com/S/PSX\">Phillips 66</a> Ahead of Annual Shareholder Meeting\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        WEST PALM BEACH, Fla., May 10, 2025 - Leading independent proxy advisory firm Glass, Lewis &amp; Co., LLC has advised shareholders of Phillips 66 to support significant boardroom changes by voting for three director nominees proposed by Elliott Investment Management L.P. at the upcoming Annual Meeting of Shareholders on May 21. Glass Lewis has endorsed Elliott's nominees - Brian Coffman, Sigmund Cornelius, and Michael Heim - citing the need for independent perspectives in the boardroom. They criticized Phillips 66 for underperformance and poor governance, describing the company's arguments as \"disconnected from reality\" and lacking a clear pathway to shareholder value. Elliott, a top-five shareholder in Phillips 66, argues that the company's current board has failed to deliver compelling shareholder returns and calls for immediate change.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via PR Newswire (Ref. ID: NY84944) on May 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Glass Lewis Backs Elliott's Push for Board Change at Phillips 66 Ahead of Annual Shareholder Meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlass Lewis Backs Elliott's Push for Board Change at Phillips 66 Ahead of Annual Shareholder Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-11 01:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Glass Lewis Backs Elliott's Push for Board Change at <a href=\"https://laohu8.com/S/PSX\">Phillips 66</a> Ahead of Annual Shareholder Meeting\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        WEST PALM BEACH, Fla., May 10, 2025 - Leading independent proxy advisory firm Glass, Lewis &amp; Co., LLC has advised shareholders of Phillips 66 to support significant boardroom changes by voting for three director nominees proposed by Elliott Investment Management L.P. at the upcoming Annual Meeting of Shareholders on May 21. Glass Lewis has endorsed Elliott's nominees - Brian Coffman, Sigmund Cornelius, and Michael Heim - citing the need for independent perspectives in the boardroom. They criticized Phillips 66 for underperformance and poor governance, describing the company's arguments as \"disconnected from reality\" and lacking a clear pathway to shareholder value. Elliott, a top-five shareholder in Phillips 66, argues that the company's current board has failed to deliver compelling shareholder returns and calls for immediate change.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via PR Newswire (Ref. ID: NY84944) on May 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736492.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250510:nNDL3Xt4Bb:1","article_id":"2534404036","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534404036","pubTimestamp":1746898692,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"WEST PALM BEACH, Fla., May 10, 2025 - Leading independent proxy advisory firm Glass, Lewis & Co., LLC has advised shareholders of Phillips 66 to support significant boardroom changes by voting for three director nominees proposed by Elliott Investment Management L.P. at the upcoming Annual Meeting of Shareholders on May 21. Glass Lewis has endorsed Elliott's nominees - Brian Coffman, Sigmund Cornelius, and Michael Heim - citing the need for independent perspectives in the boardroom. They criticized Phillips 66 for underperformance and poor governance, describing the company's arguments as \"disconnected from reality\" and lacking a clear pathway to shareholder value. Elliott, a top-five shareholder in Phillips 66, argues that the company's current board has failed to deliver compelling shareholder returns and calls for immediate change.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timel","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","PSX":"Phillips 66","BK4138":"石油与天然气的炼制和营销","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC"},"translate_title":"Glass Lewis支持Elliott在年度股东大会之前推动Phillips 66董事会变革","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSX":0.9},"content_text":"Glass Lewis Backs Elliott's Push for Board Change at Phillips 66 Ahead of Annual Shareholder Meeting\n    \n\n        WEST PALM BEACH, Fla., May 10, 2025 - Leading independent proxy advisory firm Glass, Lewis & Co., LLC has advised shareholders of Phillips 66 to support significant boardroom changes by voting for three director nominees proposed by Elliott Investment Management L.P. at the upcoming Annual Meeting of Shareholders on May 21. Glass Lewis has endorsed Elliott's nominees - Brian Coffman, Sigmund Cornelius, and Michael Heim - citing the need for independent perspectives in the boardroom. They criticized Phillips 66 for underperformance and poor governance, describing the company's arguments as \"disconnected from reality\" and lacking a clear pathway to shareholder value. Elliott, a top-five shareholder in Phillips 66, argues that the company's current board has failed to deliver compelling shareholder returns and calls for immediate change.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via PR Newswire (Ref. ID: NY84944) on May 10, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}