In corporate ownership structures, day-to-day operational control can be separated from ultimate voting power, meaning a company can manage daily operations while another entity retains the authority to make major decisions like selling the organization.
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INEOS Runs Football… But The Glazers Hold The PowerAdded:
Knowing what you know about the Glazers, would they be happy that he is taking the reins?
I mean, here you've got a man unquestionably a business success created in in his own image, very private company, very big company.
That's his very large chemicals business. What Jim says at Ineos, that's what happens. He's the boss. No question. There's absolutely no question. For some reason, he buys Manchester United, but the bit he doesn't get is the votes. The power in that business lies still, and it is a business, but still with the Glazers. Day-to-day decisions, yes, they can take those, but you know, he could get a phone call today from the Glazers saying, "Jim, you know what? We've decided to sell." He wouldn't He'd have nothing to do with that at all.
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