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...ArcelorMittal, one of the world’s biggest steel producers, has announced Aditya Mittal will replace his father Lakshmi as chief executive, with the founder taking up the position of executive chairman....
...To me, this ecosystem mirrors the industrial trusts at the turn of the 20th century in which oil, steel and railroad tycoons often worked together to protect their interests....
...He says that for 15 years, half of the carried interest he was entitled to from Vista’s premiere fund was filtered through a Nevis LLC called Flash Holdings, owned via bearer shares by a Belize foundation...
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