Parent Company
A parent company is a company that owns enough voting stock in another firm (subsidiary) to control management and operations by influencing or electing its board of directors. A parent company could simply be a company that wholly owns another company. This would be known as a "wholly owned subsidiary".
Read more about this topic: Holding Company
Famous quotes containing the words parent and/or company:
“Being a parent is a form of leadership. . . . Parents make a mistake, along with leaders of organizations, when they are unwilling to recognize the power inherent in the positions they occupy and when they are unwilling to use this power. . . . I do not mean a figure who is irrational, autocratic, or sadistic. I mean leaders who have the strength of character to stand up for what they believe.”
—Abraham Zaleznik. In Support of Families, ed. Michael W. Yogman and T. Berry Brazelton, ch. 8 (1986)
“There is no such thing as “the Queen’s English.” The property has gone into the hands of a joint stock company and we own the bulk of the shares!”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)