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That nearly matched the weight of the small clan of big, mostly local shareholders that in effect control Telecom Italia with only 22.5% of its shares.

ECONOMIST: European corporate governance

FASB, is drafting rules that would require companies to consolidate operations that they, in effect, control.

ECONOMIST: Coca-Cola: The bubbles pop | The

But even if we don't know, if he can't be seen, he has in effect lost control.

BBC: 'Rolling victory' after rolling war