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The President's Golden Share in U.S. Steel

Planet Money

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Government and the Golden Share: The U.S. Steel Case

This chapter explores the intricate relationship between the U.S. government and Nippon Steel's acquisition of U.S. Steel, emphasizing the unusual 'golden share' arrangement that grants the government substantial control. It delves into the historical origins of golden shares, examining their use in the U.K. and other countries, while contrasting this with the current U.S. governance model. The chapter raises critical questions about the implications of such government involvement in private enterprises and its impact on market dynamics.

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