> This new company would also have an American-dominated board with one member designated by the U.S. government.
This is the part I'm really curious about : what is the legal framework for mandating a privately-owned company to have a board member designated by the government ?
The closest thing I could imagine is "national" companies (totally or partially owned by the government.) We have plenty of that in France (once in a while the State would nationalize energy utilities, banks, car makers, etc... then make them private again, then buy x% of them, etc, etc...)
In this case I completely understand that the "State" wants their say in the board - they have money in the game.
But here, it does not seem like the US are part of the new ownership (or did I miss that ?)
So, what happens when the next government nominates a board member that Elison dislikes ? On which law would a judge rule ?