The Ledger

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Assertion Contradicted

Founder decreed Lovelace family cannot own Capital Group stock after grandchildren

“When JBL founded the company, he said in 1931, when my grandkids, who didn't exist at the time, when my grandkids pass away, no one in the Lovelace family should own any bit of Capital Group stock.”

Mike Gitlin Jan 5, 2026 ▶ 23:55 Mike Gitlin – The Century of Capital Group (EP.479)

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The Ledger

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