Hess CEO disqualified from Chevron board in merger, FTC Says
By Kevin Crowley and Leah Nylen | Bloomberg The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC. The Federal Trade Commission said in a statement Monday…