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Brett Baty provides lone Mets brightspot facing Cy Young favorite after two days off

NY Post
4 weeks ago
Brett Baty’s return to the lineup allowed for the only really good Mets swing against Cam Schlittler on Sunday. 
Mike Puma

Why the Lakers are vastly overrated heading into 2026-27 NBA season

NY Post
4 weeks ago
How good will the Lakers be next season?  Depends who you ask.  In an appearance on “The Bill Simmons Podcast,” Charles Barkley said the Lakers are “probably better” than the 2024 Dallas Mavericks, whom Luka Doncic carried to the NBA Finals. Austin Reaves and Luka Doncic will be key to the Lakers’ success this year. On...
Melissa Rohlin

Jealous Florida woman hurls bucket of poop on hubby’s ‘mistress’ in trailer-park stink: cops

NY Post
4 weeks ago
The suspect "pooped in a bucket to throw it in the victim's face," according to a police report.
Jorge Fitz-Gibbon

Malik Nabers making long-awaited Giants return in enormous boost

NY Post
4 weeks ago
Malik Nabers said Malik Nabers is ready to play.
Ryan Dunleavy

NY state joins in special touching tribute to Dolly Parton and her Imagination Library

NY Post
4 weeks ago
“Dolly’s impact extends far beyond her musical talent."
Carl Campanile

Madison Beer celebrates fiancé Justin Herbert’s touchdown at Chargers opener

NY Post
4 weeks ago
Justin Herbert had a familiar face watching from above as the Chargers opened their 2026 season Sunday at SoFi Stadium.
Michael Duarte

The Jets needed this start to Geno Smith’s new chapter just as much as he did

NY Post
4 weeks ago
Sunday, 3,623 days after his last Gang Green word, Geno Smith got to start a fresh chapter on his life as a Jet. It was a good read.
Mike Vaccaro

Freddie Freeman knee injury concerns grow with latest Dave Roberts update

NY Post
4 weeks ago
Freddie Freeman will be out again amid a 1-for-26 slump
Jack Harris

Cam Schlittler is building case for something much bigger than a Cy Young

NY Post
4 weeks ago
He has two starts left in his must-see regular season before Game 1 of the playoffs.
Joel Sherman

Alaskan boy, 15, who survived 62 hours at sea makes horrifying revelation after being rescued

NY Post
4 weeks ago
"Through the teeth chattering, he had mentioned that his brother was still under the skiff and then he said that in the previous night before our rescue that his cousin had slipped away."
Anthony Blair

California moves to skewer Huntington Beach with series of penalties after huge housing fallout

NY Post
4 weeks ago
California regulators say Huntington Beach still must complete required zoning changes despite adopting a new housing plan, putting the coastal city at risk of renewed penalties.
Zain Khan

Shareholder Ownership Gives Way To Corporate Control

Zero Rss
4 weeks ago
Shareholder Ownership Gives Way To Corporate Control

Authored by Iain O'Brien via RealClearMarkets,

Today's business ownership landscape is increasingly complicated by financial, voting, contractual and capital arrangements. A direct relationship between ownership and control can no longer be assumed, particularly for strategically important companies.

Sika, a Swiss chemicals company, entered a four-year corporate battle in 2014, when building-material firm Saint-Gobain announced it would buy a controlling majority. Although the Burkard family owned 16% of shares, a dual-class structure granted them over 52% of voting rights. Sika showed why economic ownership does not necessarily equal voting power.

A relevant example took place between American firms Endeavor Group Holdings, now WME Group, and Silver Lake, in 2024. Endeavor agreed to be taken private by Silver Lake, which already controlled over 70% of Endeavor's voting rights. Silver Lake could therefore approve the merger, effectively controlling the company's future before owning it. Mubadala, Goldman Sachs and other investors also took part, making a true "owner" difficult to define.

The stakes change when a company is deeply involved in a country's industrial capacity. Energy infrastructure, semiconductors, and critical-mineral producers introduce geopolitical considerations.

Korea Zinc, among the world's most prominent refined zinc producers, has seen a dispute with Young Poong putting the history of the two firms and their controlling families in the spotlight. Korea Zinc emerged from a partnership between the Choi and Jang families, who control Korea Zinc and Young Poong respectively. The Choi family has maintained management control despite Young Poong being the largest shareholder, with a stake of 33-37%. In 2024, Young Poong partnered with South Korean MBK Partners, launching a tender offer resulting in joint ownership of over 46% of voting shares.

The transaction created several layers of control. Young Poong agreed to a cooperation agreement to jointly exercise voting rights with MBK Partners. While Young Poong continued to hold shares, MBK acquired a stronger role in deciding how they would be used. On a newly formed board at Korea Zinc, directors nominated by MBK would later outnumber those selected by Young Poong, essentially determining the board's composition. A call option on Young Poong's Korea Zinc shares was also granted to MBK Partners. The option has drawn controversy because Young Poong is alleged to have granted MBK highly favorable terms at below market costs, exposing it to significant financial losses.

MBK's business ties highlight how assigning a single national identity to a modern company may prove difficult. China's sovereign wealth fund represents roughly 5% of one of MBK Partners' investment funds. Such ties raised concerns among Korea Zinc management that their firm would eventually come under Chinese control. Concerns about Chinese influence have also been highlighted in relation to Project Crucible, a joint Korea Zinc led venture, which Young Poong and MBK Partners initially opposed because it placed too much control in the hands of the US government, posing a national security risk to Korea. More recently, however, Young Poong and MBK Partners have changed their approach, taking a more supportive public position towards the project. This included hosting a promotional reception in Tennessee during which they sought to give the impression of ownership over the project.

Separate questions have also been raised about Young Poong's environmental, financial and managerial issues related to a smelting plant project. These concerns gained renewed attention following Korean police's decision to reopen an investigation into alleged environmental law violations by Young Poong Counsel Hyung-jin Jang.

The cases above illustrate why regulators and investors need to look beyond the registry of shareholders. In Sika's case, a minority stake could carry majority voting power, while Endeavor controlled votes before owning a majority of economic interests. In Korea Zinc's case, the battle involves shareholder alliances, control rights and internationally sourced capital with vast potential geopolitical implications.

Traditional concepts of ownership no longer capture where control in companies resides. This matters for governments screening transactions with economic sovereignty, national security and competitiveness in mind. The era of the shareholder may be giving way to an era where control matters more than ownership.

Tyler Durden Sun, 09/13/2026 - 18:30
Tyler Durden

It’s time to crown Breanna Stewart Captain America after ensuring Team USA remains gold standard

NY Post
4 weeks ago
Breanna Stewart is a rare triple threat. 
Madeline Kenney

Trump fuels voters on both sides in midterm elections, but Dems have upper hand: poll

NY Post
4 weeks ago
Democrats have captured one of their largest polling leads over Republicans on the generic congressional ballot this cycle, some 50 days out from the midterm elections.
Ryan King

Bill Clinton reveals why the CIA told him not to take out bin Laden before 9/11

NY Post
4 weeks ago
"I wish we had done even more to get him. I always thought he was our biggest threat … I wanted to get him, and I did what I could to do that," Clinton told host John Catsimatidis.
Carl Campanile, Zoe Hussain

Jets takeaways, report card from NFL Week 1 win over Titans

NY Post
4 weeks ago
Takeaways from Sunday’s 23-10 Jets win over the Titans. 
Brian Costello

NYFW honcho tackles PETA protesters in wild caught-on-video scene in front of A-listers 

NY Post
4 weeks ago
PETA protesters crashed a top Fashion Week show in Manhattan on Sunday — prompting the event’s CEO to tackle them in a wild caught-on-video scene that played out in front of an A-list crowd.
Alex Oliveira

Heroes, zeros from Jets’ win over the Titans: Breece Hall comes up big

NY Post
4 weeks ago
Heroes, zeros and the full blitz from the Jets’ 23-10 win over the Titans on Sunday.
Mark Cannizzaro

Florida DUI suspect drops baby, toddler into gator-infested swamp while running from cops: video

NY Post
4 weeks ago
"Give me the baby! give me the baby now!" the officer told dad Isaac Kinsey before reaching out and grabbing one of the crying children.
Zoe Hussain

Pete Alonso has been everything Orioles wanted with the Mets in his rearview

NY Post
4 weeks ago
Pete Alonso returns to Citi Field on Monday with the Orioles, sitting at 299 career homers after the Mets let him walk in free agency.
Jon Heyman

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