“To save its takeover of U.S. Steel, Japan’s Nippon Steel agreed to an unusual arrangement, granting the White House a ‘golden share’ that gives the government an extraordinary amount of influence over a U.S. company,” the New York Times reports.
“New details of the agreement show that the structure would give President Trump and his successors a permanent stake in U.
S. Steel, significant sway over its board and veto power over a wide array of company actions, an arrangement that could change the nature of foreign investment in the United States.”