under the investment company act of 1940, if a fund has a board of directors, an investment advisor's contract must be renewed by a majority vote of the fund's:
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a wealthy entrepreneur or investor who controls, through personal business ownership or dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals may also be called czars, moguls, proprietors, tycoons, taipans, barons, or oligarchs.
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