Trump Gains 'Golden Share' Power in U.S. Steel Acquisition, Impact on Future Presidencies
President Donald Trump has gained sweeping veto power over U.S. Steel's decisions through a 'golden share' in the company, which he personally controls. This arrangement allows him to block major business decisions until he leaves office, after which the veto power will transfer to the Treasury and Commerce Departments. The move is part of a national security agreement related to the merger with Nippon Steel, raising concerns about the extent of presidential influence over corporate decisions.