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Rosoff points out that during the last major run at health care reform, in the early 1990s, corporate America was unwilling to cede management of the system to the government and was hopeful that managed care, which was just starting to take off, would contain costs.
Hyundai will also cede management control of its financial units.
The vote came a day after the elder Chung said he and his other son would cede management control of South Korea's largest business conglomerate as part of a major downsizing effort.
Attempts at cooperation will be held back as long as governments are reluctant to cede management control to an independent authority.
The Italian government currently owns 49.9% of the ravaged carrier's shares and is seeking to dilute its stake to 19% and cede management control.
The Italian government currently owns 49.9% of the carrier's shares and is seeking to dilute its stake to 19% and cede management control.
Similar(54)
It also ceded management control to its partners.
Mallya ceded management control of his flagship United Spirits Limited to global beverages company Diageo.
Mr. O'Shaughnessy, who is a vigorous 69, has ceded management of Revere to a son, Michael, now chief executive.
The agreement also marks the second time in the past year that a Japanese carmaker has ceded management control to a foreign competitor.
The Internet subsidiary, which says it has 1.47 million subscribers, is strategically significant to Sony, executives said, so the company elected to offer stock without ceding management control to outside investors.
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CEO of Professional Science Editing for Scientists @ prosciediting.com