In 1977 Mr Mohnset upa non-profitfoundation, which nowholds 76.9% ofBertelsmann's shares, though the voting rights lie with another company, halfofwhosedirectorsaremembers of the family.
Thomas Middelhoff, its chief executive until 2002, had wanted to take Bertelsmann public, but Reinhard Mohn and his family, the dominant shareholders, have always been unenthusiastic.