Liberty Interactive this morning said it now has voting control of Trip Adviser.
Robert is now general counsel, and the family owns a 26% stake and holds 65% voting control.
With 68% voting control of Hollinger International through a Canadian shell company he also controls, Hollinger Inc.
With 48% voting control of TCI and 41% voting control of Liberty, Malone was in a strong position.
The Sulzberger family, generationally fearing a takeover, made it impossible for an outsider to go for voting control.
To address foreign ownership issues in China, DST and Silver Lake will cede voting control to Alibaba management.
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It does state clearly that the Pritzkers have no intention of giving public shareholders voting control of the company.
The descendants of Este Lauder took care to retain 93.3% voting control when they took her cosmetics company public.
The biggest knock on the offering is that the public won't own anywhere near voting control of the company.
Thiel owns a personal stake in Facebook and also maintains voting control over the shares owned by Founders Fund.
FORBES: Early Facebook Investor And Board Member Peter Thiel Sells A Majority Of His Shares
The next step would be to gain a 50% stake, which would give him overall voting control at the club.
Families can hold on to power by keeping voting control even as their equity stakes get diluted or taxed away.
It was to remove Clearwire as a legal subsidiary that Sprint reduced its voting control of Clearwire to 48% in recent days.
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Malone had 48% voting control of TCI and 41% voting control of Liberty, and he was in a position to extract good terms.
With this law off the books, it would be easier for raiders to ambush sleepy boards of directors by quietly accumulating voting control.
Sumner Redstone, the 84-year-old entertainment mogul who has voting control of CBS and Viacom, was giving a speech at Boston University in September.
Svyazinvest's shareholdings in its main subsidiaries, usually 38%, carry voting control because each subsidiary has 25% of its stock issued in non-voting form.
That plan could have given the Marriott family 45% voting control, compared with the 21% it owns--and given the kids of Chief Executive J.
That plan could have given the Marriott family 45% voting control, compared with the 21% it owns--and given the kids of the CEO, J.
After the transaction, Liberty owns 18, 159, 752 common shares and 12, 799, 999 Class B common shares, which gives the company 22% equity control and 57% voting control.
Hollinger, in turn, owns 32%of the equity and 73% of the voting control of Hollinger International, the Big Board media company that owns the newspapers.
Two decades later, when the Foundation pushed for a public stock offering, the family kept its 12 % ownership, but insisted on 40% voting control.
FORBES: Ford Family's Stake Is Smaller, But They're Richer And Still Firmly In Control
The Ford family retained the 40% voting control in the automaker because of a separate class of shares established when it went public in 1956.
Sumner Redstone, the 84-year-old entertainment mogul who has voting control of CBS and Viacom (nyse: VIA - news - people ), was giving a speech at Boston University in September.
He maintains majority voting control (perhaps on advice from Sean Parker) over the company by arranging for Thiel, cofounder Dustin Moskovitz (No. 314) and other insiders to let him vote their shares.
Shari Redstone owns the other 20% of National Amusements, which in turn owns voting control of Viacom and CBS. The cinema chain operates more than 100 theaters in the U.S., Latin America, England and Russia.
One possibility: Kerkorian hopes to gain enough influence at Ford to eventually get rid of the Class B shares, which gives the Ford family 40% voting control despite owning just 4% of the company's stock.
With its shares selling for a quarter of their 1999 peak, it could also be an opportunity for the Ford family, which still has over 40% voting control, to buy back stock at a depressed price.
In a March order, Strine said Black "breached his fiduciary and contractual duties persistently and seriously" at Hollinger International by attempting to sell his voting control to the Barclay brothers behind the backs of the U.S. subsidiary's directors.
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