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City managers grew in importance as a result of the
Proxy Contest
A struggle for control of a company, wherein competing parties seek to secure the votes of shareholders through proxy solicitation.
Shareholder Votes
The mechanism by which shareholders express their opinions or make decisions on corporate matters, typically exercised at annual meetings.
Equity Ownership
Refers to the portion of a company's capital that is owned by its shareholders, representing a claim on the company's assets and earnings.
Going-private Transaction
A process by which a publicly traded company is converted into a privately owned entity.
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