The stakes usually involve a 1% holding and are known as "special management shares," according to the Financial Times.

Not exactly nationalization, but definitely a step in the right direction.

  • @Shrike502@lemmygrad.ml
    4•1 year ago

    About time. Hopefully the management of those corporations won’t try to buck and become fully-fledged bourgeousie. And if they do - they will be brough to heel.

    • ☆ Yσɠƚԋσʂ ☆OP
      3•1 year ago

      Indeed, hopefully these corps will be eventually transformed into SOEs and this is just the first step.