U.S. Will Receive ‘Golden Share’ in Steel Deal

“The U.S. government is planning to participate in the planned ‘partnership’ between U.S. Steel and its Japanese rival Nippon Steel,” the New York Times reports.

“Golden shares typically refer to special stakes the government takes in companies that are ailing or in particular need of government attention, like General Motors during the 2008 financial crisis. The United States doesn’t typically take shares in publicly traded companies. When it does, it’s usually because it has provided some type of financial assistance, like a bailout, and wants to protect taxpayer money.”