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To: Sawtooth who wrote (13713)8/13/1998 10:39:00 PM
From: Jon Koplik  Read Replies (3) | Respond to of 152472
 
Tim - I'm not sure anyone should ever use the word "expertise" when asking me a question like this.

I have always been puzzled over this concept of effective control. The most ridiculous example being ... (drum roll?) Occidental Petroleum and its former head guy - Armand Hammer.

I read a couple of lengthy articles about him (after his death) in Vanity Fair (March 1991) (I'm looking at the article right now) and Forbes (don't know date of issue). Late in his life, Hammer had some absurdly low percentage of the outstanding shares of OXY, yet it was commonly accepted that he had effective control of the company, and could do all sorts of absurd (and uneconomic) things with the corporation's funds.

Unfortunately, I doubt you will find anyone out there reading SI who is in a position to know the answer to your question, and spend time (without being compensated) typing in the answer here.

Jon.