Word: dual
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That kind of near miraculous commitment can be awfully hard to maintain. In recent decades, all three families have made use of dual-class stock structures that allow them to take Wall Street's money while attempting to resist its pressures. At the New York Times Co., the Sulzbergers own 19% of the company but control 70% of the voting power. At the Washington Post Co., the Grahams own close to 40% of the company and get about 75% of the votes. At Dow Jones, the Bancrofts own 25% of the company and get 64% of the votes...
...Grahams have so far escaped much criticism because their company has performed well (mainly thanks to its Kaplan educational subsidiary), but the New York Times Co.'s outside shareholders have been clamoring for an end to the dual-share setup. Still, they don't have the votes to force a change. The biggest danger to family control inevitably comes from the family members themselves...
...Iran has sought dual-use goods from some of the same people and firms that A.Q. Khan employed," Fitzpatrick said. "It has also been turning to new technology providers. And although some countries have tightened their vigilance, Iran still is trying to evade export controls by repeatedly changing front countries and financing arrangements...
...dynamics of a dual race are a lot different from a six-boat race,” he said. “So it was good to get in a really tough race like that...
While boards dealing with undergraduates promote their dual emphasis on discipline and education, graduate school boards often have a different mission...