The Elliott Proxy Fight, Board Shakeup, and Streamline 66

The biggest single corporate event at Phillips 66 in 2025 was Elliott Management's "Streamline 66" proxy campaign — a multi-year activist push that culminated in May 2025 with two Elliott nominees winning board seats. Any candidate interviewing in 2026 should understand this story; "Why are you interested in joining the company right now?" answers that ignore the activist campaign sound out of touch. This module gives candidates the timeline, the strategic dispute, the four people now newly on the board, and the safe, intelligent way to discuss it.