This completely violated the principles of a free market, but it was precisely the kind of moat she craved.
"As for the price hikes you mentioned..."
Leo smiled.
"You won't."
"Why?" Evelyn asked.
"Turn to the last page of the proposal," Leo said.
Evelyn complied and turned to the last page of the document.
Under the equity structure section, she saw a clause that made her pupils contract.
[Equity Allocation]
The Saint Claude Family Fund: 49% (Responsible for operations and capital injection)
Pittsburgh Urban Renewal Public Trust: 51% (Holds veto power)
"This is a freak of a company."
Leo explained.
"You put up the capital and the staff. You manage the operations. You take all the business dividends."
"However, control of the company—the majority of the seats on the board of directors—belongs to the public."
"It belongs to me."
Leo's eyes turned cold.
"This is state capitalism."
"I'm giving you the market to go make money, but I'm the one holding the remote control."
