Business Case Study: Samsung Electronics

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The article you cited gives an idea how control is achieved through cross holding:

While Samsung Electronics is the biggest business, much of the family’s power stems from Cheil, known until this month as Samsung Everland Inc. The closely held business is the family’s de facto holding company, with direct and indirect stakes in the electronics, finance and trading arms. The other company going public is Samsung SDS Co., a provider of technology services.
Cheil, for example, owns 19.3 percent of Samsung Life Insurance Co., which in turn has a 7.6 percent stake in Samsung Electronics. The smartphone maker owns 37.5 percent of Samsung Card Co., which completes the circle through a 5 percent stake in Cheil.

Let's say I own a 51% of a company, and that …show more content…

Many Western companies achieve control through minority economics interest but instead of using cross-holding system, they use dual stock ownership system.

For instance, the Ford family owns 2% of Ford Motor, but they control almost half the voting shares.
Looking at the most recent quarterly filing with the SEC, you discover that Ford has 2,802,397,653 shares of regular common stock and 70,852,076 shares of Class B stock. As you research further, you discover that the regular shares are entitled to elect 60% of the Board of Directors with the Class B shares entitled to elect 40%. Why does this exist? The Ford family owns all 70+ million shares of the Class B stock. It is a way for them to ensure they keep control of the company...

The same controlling system is in place in Facebook, where Zuckerberg owns 18% economic interest but over 50% of controlling interest.

...founder Mark Zuckerberg set up the company so that Class-B shares (which he controls) carry ten times the voting power of the A-shares.

Google is controlled in the same

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