Wednesday, September 3, 2025

Latest

US Steel Charter Gives Trump Personal Veto Power, Not Government ‘Golden Share’

The revised corporate charter governing Nippon Steel‘s acquisition of US Steel (NYSE: X) grants personal veto power to President Donald Trump rather than creating a traditional government “golden share,” according to the company’s Fifth Amended and Restated Certificate of Incorporation filed with securities regulators.

The revised charter requires Trump’s personal written consent — or that of his designated representative — for major corporate decisions while he serves as president. Only after Trump leaves office would this authority transfer to federal agencies under the National Security Agreement.

The charter amendments, as shown in the certificate of incorporation, prohibit the corporation from undertaking significant actions without Trump’s approval, including changing the company name from “United States Steel Corporation,” relocating headquarters from Pittsburgh, or moving the company’s legal domicile outside the United States.

The document also bars the company from reducing capital investments, closing production facilities before specified dates, or making material acquisitions of competing US businesses without presidential consent.

Trump retains personal authority over trade-related recommendations from federal agencies and can block corporate restructuring through mergers or consolidations.

The arrangement differs significantly from traditional “golden share” structures, where governments hold special voting rights through institutional mechanisms. Instead, the US Steel charter creates what amounts to personal presidential oversight that only reverts to the Commerce and Treasury departments when Trump is no longer in office.

According to the charter document, any corporate actions taken without required consent would be “null and void ab initio, ultra vires and of no force or effect.”

The personalized nature of the oversight arrangement appears unusual compared to typical foreign investment agreements, which generally grant authority to government agencies rather than individual officials.

The Nippon Steel acquisition closed June 18 following months of political controversy and national security reviews. The Japanese steelmaker paid nearly $15 billion for the iconic American company.



Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Afghanistan Quake Deaths Pass 1,400

Sage Potash Secures US$14 Million USDA Grant For Flagship Project

Related News

Colorado Disqualifying Donald Trump In 2024 Might Be The Best For Republicans

In a groundbreaking decision on Tuesday, the Colorado Supreme Court ruled in a 4-3 decision...

Wednesday, December 20, 2023, 12:58:00 PM

Donald Trump Claims He Will Be Arrested On Tuesday, Calls For Protest

Former US President Donald Trump appears to be fearing arrest again. The former President this...

Saturday, March 18, 2023, 09:29:53 AM

Court Halts Trump’s Trillion-Dollar Spending Pause

A federal judge temporarily halted President Donald Trump’s attempt to pause trillions in federal spending...

Wednesday, January 29, 2025, 02:56:00 PM

Global Trade on Edge as Trump Targets BRICS With Tariff Threats

In a move reminiscent of his first term, U.S. President-elect Donald Trump has issued a...

Monday, December 2, 2024, 12:22:31 PM

Sheinbaum Stands Firm Against US Military Presence On Mexican Soil

Mexican President Claudia Sheinbaum firmly rejected a proposal from US President Donald Trump to deploy...

Tuesday, May 6, 2025, 02:59:00 PM