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)
“Is not disease the rule of existence? There is not a lily pad floating on the river but has been riddled by insects. Almost every shrub and tree has its gall, oftentimes esteemed its chief ornament and hardly to be distinguished from the fruit. If misery loves company, misery has company enough. Now, at midsummer, find me a perfect leaf or fruit.”
—Henry David Thoreau (1817–1862)