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He owned the equity, and therefore theoretically had control over its management. The firm might still have a lot of debt, so be owned largely by banks (or bond
by FabHK 6y ago
He owned the equity, and therefore theoretically had control over its management. The firm might still have a lot of debt, so be owned largely by banks (or bond holders).
Firm value = equity ("market cap") + debt + various, see
https://en.wikipedia.org/wiki/Enterprise_value https://en.wikipedia.org/wiki/Enterprise_value
- caminante 6y ago> He owned the equity, and therefore theoretically had control over its management. Except, for example, if there were different share classes with voting rights or if the "float" is small [0]. [0] https://www.investopedia.com/articles/basics/03/030703.asp https://www.investopedia.com/articles/basics/03/030703.asp