You've got eleven per cent under your thumb, counting proxies for the voting trust.
The hell with the proxies and the voting trusts!
Since then, the family has given up its executive and board positions and put its stock into a voting trust.
The voting trust, in effect, shifts the risk of the deal from the shareholders to Union Pacific.
Most if not all family members will put the additional distribution into the family's voting trust, he added.
At that point the voting trust would lose the power to veto changes proposed by Aegon in the plc's business plan.
The trustees of a voting trust controlled all the shares and elected the seven directors.
The mechanism for doing that is the voting trust, in which the railroads are kept separate even while under common ownership.
Shares are sometimes aggregated into a voting trust to facilitate a corporate reorganisation.
And last year 10 family members pooled shares amounting to 26 percent of the company in a voting trust.
