Elliott Management Applies Pressure With Phillips 66 Board Fight

Group 1 - Phillips 66 has become a target of corporate activist Elliott Management, which has nominated seven directors for seats on the company's board [1] - Michael Fitzsimmons, a retired electronics engineer, advises investors to build a diversified portfolio with a focus on high-quality low-cost S&P 500 funds and suggests an overweight position in the technology sector [1] - Fitzsimmons recommends large oil and gas companies for strong dividend income and growth, emphasizing a top-down capital allocation approach tailored to individual investor situations [1] Group 2 - The article does not provide any additional relevant information regarding the company or industry [2][3][4]