Trump is already wielding his ‘golden share’ authority at U.S. Steel, overriding the company’s plans for an Illinois plant, report says
via wsj.com
Short excerpt below. Read at the original source.
Just when U.S. Steel thought the ink had dried on its new future with Japan’s Nippon Steel, the company ran into a political reality check: President Donald Trump’s administration and its new “golden share” authority. The golden share—essentially a veto power over certain corporate moves—was a condition for White House approval of Nippon Steel’s $14.1 […]