Trump's Golden Share in US Steel
A Controversial European Corporate Governance Device Comes to America
In a striking development, the Trump administration has negotiated an unprecedented "golden share" arrangement as part of Japan's Nippon Steel acquisition of U.S. Steel. This deal marks a significant moment in American corporate governance, introducing a European-style mechanism that allows government influence over private companies. But what exactly is a golden share, and why has this arrangement sparked such debate?
Keep reading with a 7-day free trial
Subscribe to Bainbridge on Corporations to keep reading this post and get 7 days of free access to the full post archives.