BREAKINGVIEWS-Control freak bosses finally get buyout benchmark


By Antony Currie NEW YORK, July 30 (Reuters Breakingviews) - Car parts maker Magna is paying its chairman, Frank Stronach, $1 bln to relinquish voting control, setting a bar for the likes of the Redstones, Fords and Murdochs. Breakingviews imagines an advisor counseling supervoting shareholders on how much their votes could be worth. A considered view will be published shortly. CONTEXT NEWS -- On July 23, 75 percent of common stockholders of Magna International voted to approve the ...

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