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fitzie1 said:

Charlie Ergen and his wife (and a family trust they set up) own most of Echostar and Dishnetwork. Jim DeFranco, the other co-founder, owns some and was at one time, I believe, listed on Echostar and Dishnetwork public filings as owning more than 10%. If someone knows how much Jim DeFranco owns now, I'd be interested in knowing his current stake. Some 20 to 30% is apparently owned by the public.

Best regards,
Fitzie1 (aka Fitzie)

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Charles W. Ergen, our Chairman, President and Chief Executive Officer, currently beneficially owns approximately 51.2% of our total equity securities and possesses approximately 83.5% of the total voting power. Mr. Ergen's beneficial ownership of shares of Class A Common Stock excludes 22,023,267 shares of Class A Common Stock issuable upon conversion of shares of Class B Common Stock currently held by certain trusts established by Mr. Ergen for the benefit of his family. These trusts beneficially own approximately 10.0% of our total equity securities and possess approximately 8.5% of the total voting power. Through his voting power, Mr. Ergen has the ability to elect a majority of our directors and to control all other matters requiring the approval of our stockholders. As a result, DISH Network is a "controlled company" as defined in the Nasdaq listing rules and is, therefore, not subject to Nasdaq requirements that would otherwise require us to have (i) a majority of independent directors; (ii) a nominating committee composed solely of independent directors; (iii) compensation of our executive officers determined by a majority of the independent directors or a compensation committee composed solely of independent directors; and (iv) director nominees selected, or recommended for the Board's selection, either by a majority of the independent directors or a nominating committee composed solely of independent directors.

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mike123abc said:

DeFranco does not own enough stock to be listed in the report.

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