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"The main reasons are lack of transparency, less respect for minority shareholders, insufficient openness, excessive control by controlling shareholding families," he said, sounding like a shareholder activist.
In the event, Malone swapped his stake for Murdoch's controlling shareholding in DirecTV, the US satellite network he had spent nearly a decade trying to buy.
The founding family's controlling shareholding, and a blocking stake held by the state of Lower Saxony, where VW is headquartered, allow it to resist short-term pressures to pull out of any market that turns difficult.
"MIH is receiving £1 for the sale of its controlling shareholding.
Cellino could circumvent any possible action against Leeds by giving up his role with Eleonora Sport, following the example of Birmingham City owner Carson Yeung, who retains a controlling shareholding in their parent company despite resigning from his position on boards related to the West Midlands club.
Toshiba's chief executive, Hisao Tanaka, said an agreement to take a controlling shareholding in the NuGen consortium could be in place as early as January.
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"If there are no longer controlling shareholdings, the question of balance becomes less crucial".
Fiat (whose controlling shareholder, the Agnelli family, has a small shareholding in The Economist) owns La Stampa and also has a large holding in Corriere.
By controlling the shareholding and human resource division of an enterprise, business groups are not only able to achieve mutual benefits through commodity and finance transactions but also at the same time guarantee that the business groups upholding the core positions in the market can acquire more economic benefits.
Firms with large, but not controlling, black shareholdings account for twice as much again.Some "black chips" have prospered.
"One possible long-term model for Channel 4 might be a company part-owned by a Channel 4 Scotland which controls a shareholding proportion matching Scotland's population share, with the number of hours and proportion of spend also matching this level".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com