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They were formed by the state legislature and ran with its feet
They are run by boards of directors.
Zaibatsu is the term for massive corporations in Japan that were run by single families. This is in reference to the pre-WW2 era.
independently run
Merger
As of May 2013, The Nevada Incorporation (a corporation incorporated under Chapter 78 of Nevada Revised Statuses of the US state of Nevada) has formed 20 corporations.
zaibatsu
Zaibatsu
Their workers are all public employees.
privatized
Monarchyyy aaaaaaaaaah
Privatized