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EP99 Jason Wiener on Alternative Business Structures

The Jim Rutt Show

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The Golden Share of the Trust

The golden share of the trust is one I know about a company I was long affiliated with Thompson Corporation when they acquired Reuters. And actually, the trust continued to exist after the acquisition and continued to defend the editorial independence of the news operation. That's a structure that we've used in some of our financing transactions and some of our legal structure work. Yeah, it sounds like it could have also been a solution for the case where SAIC was set up as an employee owned corporation but then got converted into all kinds of high powered corporations. If he had been forethoughtful enough to wrap the employee ownership condition around such a golden shared trust that might not have happened.

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