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Even Goldman Sachs, which has full managerial control over a Chinese broker through a special loan deal, craves outright ownership.
To head off defections, Mr. Wasserstein, 53, has since met again with several partners privately and offered them greater managerial control over Lazard's operations in France.
The Prime Minister and health secretary have total managerial control over the NHS, even though they may previously have had no relevant experience.
Over the past two decades some of their freedom has been eroded as governments have sought to take managerial control over the NHS.
But, crucially, it will still leave the chancellor with total control over the level of funding, and the government with total managerial control over the NHS, and it will do nothing to promote patient choice.
Micron reportedly wants managerial control over Hynix, more than $8 billion in debt, but may settle for certain Hynix facilities, notably its semiconductor plant in Eugene, Ore., if Hynix balks at selling more than a minority stake.
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A board of inquiry concluded the leak went unnoticed because "managerial controls over the line were insufficient and there was inadequate inspection".
Ferrari took over managerial control of Maserati in 1997, and the new Quattroporte is the first vehicle engineered by the Ferrari-Maserati partnership.
All of that changed last week when the government handed over managerial control and a 51% stake in Bharat Aluminum Co. (BALCO) to privately owned Sterlite Industries for $119 million, and announced plans to divest a full slate of companies ranging from the domestic and international air carriers to zinc, cooper and oil companies.
This was actually the case in the selected family firms in France where male descendants of the family firm founder who was also male in all of the cases took over managerial control of the firms at the expense of female descendants.
Pierre gave in and Jesse took over managerial control of the bar, soon becoming the owner at 21.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com