There are 71 million Class B shares, about three-fourths of which are held in a voting trust.
To eliminate any conflicts of interests, Ellison's shares have been placed in a "lockbox" or voting trust, that will eliminate Ellison's voting control over company matters "other than a change of control transaction, dissolution, sale of substantially all of the Company's assets or liquidation" as long as Ellison remains an officer or director of Oracle, according to regulatory filings.
To eliminate any conflicts of interests, Ellison's shares have been placed in a "lockbox" or voting trust, that will eliminate Ellison's voting control over company matters "other than a change of control transaction, dissolution, sale of substantially all of the Company's assets or liquidation" as long as Ellison remains an officer or director of Oracle (nasdaq: ORCL - news - people ), according to regulatory filings.
But there was a catch: Investors needed at least 25% of so-called voting rights in a trust to declare a default and possibly compel the administrating trustee to enforce repurchases.
But in order to investigate, potentially declare a default and maybe launch lawsuits, holders of the securities like Beal need at least 25% of the voting rights in a trust.
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He'll end up controlling both entities through the nearly 40 percent of Class B voting shares he controls through a family trust.
's dual-class share structure, which allows CEO Murdoch to control the company through the 40 percent of voting shares he controls through a family trust.
In a democratic society, trust is shown only in voting.
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But what you were voting on is somebody who you felt you could trust to work for you, to keep you in mind every single day.
In a note to investors, Credit Suisse analyst William Drewrey said that a significant impediment to a sale is the Scripps Family Trust, which controls a majority of the company's voting shares.
During Wednesday's debate, McCain said he would not draw his family into the issue but told Keyes that voters could trust him on the issue because of his 17-year voting record against abortion rights.
Murdoch uses the occasion to make a request of his four adult children: that they agree to alter the terms of the family trust to give his two young daughters from his third marriage voting rights.
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Both companies will be under Murdoch's control through a family trust that owns nearly 40 percent of a special stock that wields extra voting power.
Under the sale plan for Chrysler, a UAW health-care trust will receive a 55% stake in the bankrupt automaker (though no voting role on the board), while Italy's Fiat will take control with a 20% stake.
Company Y common stock owned by any trust created hereunder: all decisions regarding the sale or retention of such stock and all voting of such stock.
Numbers like that make policy wonks go crazy, but in the voting booth, most Americans will pull the lever based on a different measure: how much they trust a candidate's integrity, and empathy.
But voting con risks sending the dangerous message that you seem to have challenge of sustainability in hand, we trust you to do the right thing, carry on as you are.
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