Tronc is a publishing firm that owns several newspapers, including the Los Angeles Times and the Chicago Tribune. In early 2017, one of Tronc's largest investors sent the corporation a letter stating that he was "troubled by the company's corporate governance, or lack thereof." In particular, he was unhappy with a limit of 25 percent on how many of the corporation's shares he could own and with an attempt to remove him from the board of directors. Source: Lukas I. Alpert, "Tronc's Second-Largest Shareholder Raises Corporate Governance Questions," Wall Street Journal, March 27, 2017. What is corporate governance? In whose interest should corporations be governed?