Sentences with phrase «ceding control of their companies»

# 4: Control In OldCo, as previously mentioned, Joe ceded control of his company to the venture capitalists, who had an agenda that was too different than his.

That could avoid a repeat of Magna's decision to pay founder Frank Stronach roughly $ 900 million in 2010 to effectively cede control of the company.

At the same time, these founders wind up ceding control of their companies by giving up large chunks of equity in exchange for cash and other resources from their investors.

Musk, though, has always been reluctant to cede control of the company and continues to deal with day - to - day operations.

The plan to create new stocks is a popular way for certain shareholders to raise capital by selling their shares without ceding control of the company and retaining the majority vote.

Not exact matches

On Sunday, T - Mobile and Sprint proposed merging, after Sprint majority owner SoftBank Group agreed to cede control of the combined company to T - Mobile's parent, Deutsche Telekom.

The same can't be said of Ottawa, which is trying at once to attract investment and diversify Canada's export markets without ceding control of our resources to companies controlled by powerful foreign governments (read: China).

The Japanese company's job cuts announcement comes after the Wall Street Journal, citing people familiar with the matter, reported that Xerox Corp is nearing a deal with Fujifilm that would cede control of the U.S. photocopier pioneer to Fujifilm.

Washington said on Monday it would consider lifting the sanctions if Deripaska, who along with the company was included on a U.S. sanctions list on April 6, ceded control of Rusal.

In 1977, he agreed to cede voting rights on his holding of Washington Post Co. to the family that controlled the company.

Hollywood has already attracted investment from China in its films and production companies but hadn't ceded control of any major producer.

Softbank Group Corp (OTC: SFTBF), the parent company of telecom provider Sprint Corp (NYSE: S) has announced it is willing to cede control in order to make a deal with T - Mobile US Inc (NASDAQ: TMUS) happen.

As the clock ticks down, Westchester County legislators and other elected officials continue to draw hard stances against an agreement between the management company Standard Amusements and the county that would cede control of Rye Playland.

The contracts are an example of how the charter schools sometimes cede control of public dollars to private companies that have no legal obligation to act in the best interests of the schools or taxpayers.

• Some schools have ceded almost total control of their staff and finances to for - profit management companies that decide how the schools» money is spent... • Many management companies also control the land and buildings used by the schools — sometimes collecting more than 25 percent of a school's revenue in lease payments, in addition to management fees... • Charter schools often rely on loans from management companies or other insiders to stay afloat, making charter school governing boards beholden to the managers they oversee...

Convenient in theory, ceding control of everything you use to one company in practice.

While some companies may be eager to raise funds without necessarily having to incur debt or cede control or economic rights in the manner of a traditional security, many companies, whether well - established or emerging, would be wise to resist the ICO siren call and exercise caution before trying to contrive blockchain use cases, as some critics already posit that the technology represents a solution in search of a problem.