It indicates the value of shell company consists of company value, private control benefit and shell value, and then analyses them respectively.

“壳”公司价格由“壳”公司企业价值、控制溢价和“壳”价值三部分组成，并对“壳”公司企业价值、控制溢价和“壳”价值的确定逐一进行具体分析。

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To expropriate more private benefit, they always separate control from cash flow rights by cross - ownership and stock pyramids.

而且为最大化获取的私人收益，他们往往通过金字塔结构等分离现金流所有权和控制权的形式对公司实施控制。

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To restrict large shareholder's vote right by improving corporate vote system can reduce private benefit of large shareholder's control rights.

改进上市公司投票制度，限制大股东的投票权可以从根本上减少大股东的控制权私人收益。

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Private-payments companies threaten to take away the government's ability to control the money supply and benefit from seigniorage, the difference between the cost to produce the money and its face value.

FORBES: The Myth Of The Cashless Society