Mr. Stronach, 71, is the company's chairman and controlling shareholder.

He said he also planned to use his right as controlling shareholder to appoint up to 75 percent of the directors at the annual meeting in May.

Leviev is currently controlling shareholder and chairman of Africa-Israel.

Mr. Friedland, who had been controlling shareholder, resigned as president in February 1990 and as chairman that June.

The formation of a corporation by controlling corporate or non-corporate shareholder(s) is generally a nontaxable event.

However, majority rule can be iniquitous, particularly where there is one controlling shareholder.

The elder Dolan is Cablevision's chairman and controlling shareholder.

Ebro also entered the agricultural tractor market through a license agreement with Massey-Ferguson, which eventually led to the later becoming Motor Iberica controlling shareholder.

"Because I was controlling shareholder, I was able to do that," Mr. Blazer said.

He is, however, controlling shareholder of the listed company, Daily Mail and General Trust through Rothermere Continuation, which is a company registered in Bermuda.