Trump Golden Share Corporate Control

🔴 Abuse of Power · Jun 2025

Summary

Trump approved the $14.1 billion Nippon Steel acquisition of U.S. Steel on the condition that the U.S. government receive a ‘golden share’, granting Trump personal veto power over major corporate decisions. Trump stated the golden share gives him ‘total control’ over relevant business decisions. Legal scholars and the Atlantic Council noted the arrangement represents an unprecedented departure from U.S. non-interventionist economic tradition and raises concerns about a president directly controlling private corporate governance without statutory authorization.